Superintendent of Police, city, Shiv Shankar Yadav said four persons--Naresh Tyagi, Chandrasekhar Tyagi, Pankaj Tyagi and Adesh Tyagi--were going to buy a plot of one Ajay Malik in Noida.
He said as the car carrying the four reached Panchsheel market near Crossing Republic, another car drew up and one man from that vehicle opened fire on Naresh Tyagi and his friends.
While Naresh took shelter in a shop, the others ran along a road.
The assailant fired four to five rounds from a .30 bore revolver on the four friends in which Naresh Taygi was killed on the spot and Pankaj Tyagi injured along with Chandreshkhar.
The police have registered a case against the unidentified people and started a preliminary inquiry.