The accused Nikhil and Nishant were arrested by Kavinagar police yesterday from a tempo stand at Sector 23 here, City superintendent of police Salman Taj Patil said.
A 315 bore rifle, two empty cartridges and a scooty were seized from their possession, he said.
Police said that the duo along with another person were wanted in the murder case of Vishal.
They said 20-year-old Vishal was shot dead by the accused on January 25 over a property dispute.
The incident was captured in the nearby CCTV, police said.