The victim, identified as Parmanand Sharma sustained bullet injuries in his hand and thigh in the incident which took place around 10 PM last night.
Sharma is recuperating in a local hospital where his condition is stated to be serious but stable, police said.
Preliminary investigations have revealed that Parmanand had some dispute with local builders and a property dispute could be behind the attack, they said.
His family has also told police that a similar attack had taken place on Sharma around a month back as well when someone has fired gunshots outside his home.