Mahender Chand, who was also involved in property dealing, was in his office late last night when two assailants came and pumped four bullets into his head, chest and abdomen, a senior police officer said adding the incident could be a fallout of business-related disputes.
When locals tried to intervene, the attackers threatened them with their arms and fled away from the spot. The victim was rushed to a nearby hospital where he was declared brought dead.
He was involved in property dealings and dispute over some property has come to light which is being investigated, police said.
Police is examining footage of nearby CCTV cameras to obtain clues about the assailants.