The realtor, Mohinder Gambhir, was kidnapped from near his house when he left for work yesterday.
Jalandhar Police Commissioner Arpit Shukla said four persons -- Gurpreet Singh, Lalit Kumar, Gurdev Singh and Raman Kumar -- have been arrested in connection with the kidnapping and two of their associates -- Vikas Jolly and Gurminder Singh -- managed to give police the slip.
The police recovered two .32 revolvers and 12 live cartridges from their possession.