Police said Puran Singh used to live with his family in Jai Vihar colony in Najafgarh and had gone out looking for a job yesterday morning but did not return.
His body was found in a vacant land plot close to his house by the locals. Prima facie it appeared that he was hit with stones, said a police officer.
Family members of the victim claimed he had some monetary dispute which could be the reason behind his murder.
In a separate incident, a 22-year-old man was shot dead by assailants in Poothkhurd village of Bawana in the morning today.
The victim identified as Rohit worked as a mechanic and was shot at his home. The assailants managed to flee, police said.
A case has been registered and investigation in underway, they said.