Sleuths of the Commissioner's Task Force North Zone nabbed M Guruvaiah and K Narasimha Reddy for allegedly conspiring to murder the realtor on an offer of Rs 5 lakhs, police said.
Elaborating on the motive behind the murder conspiracy, the police said one Chandrasekhar of Sainikpuri had a dispute with Bujji, the realtor, over 3,000 square yards of land at R K Puram and allegedly paid the amount to Reddy and Guruvaiah to eliminate him.
To execute the plan, Guruvaiah brought two firearms, one sword and a sickle from his village. These were recovered from the possession of the accused after the arrests were made.
Guruvaiah alias Somaiah, who had joined CPI-ML Janashakthi party and worked as a "deputy commander" in Kurnool district, was arrested by the Khammam Police in 2005, police said, adding that he was allegedly involved in two murder and ten extortion cases in Nalgonda district.
After Guruvaiah was acquitted, he became a watchman at OU Colony at Sainikpuri here.
Reddy had worked as the district secretary of the Progressive Youth Federation (PYF) affiliated to the party, for about two years, they said.