New Delhi, Aug 30 - A 28-year-old property dealer was allegedly shot dead by four men in northwest Delhi, police said Sunday.

'The incident took place around 11.30 p.m. Saturday in the Mangolpuri area. The victim, Budh Bachchan, was returning home on his motorcycle when four men stopped him. They then entered into an argument which was followed by a fight,' a senior police officer said.

'One of the accused, Mukesh, then allegedly shot at Bachchan. Three other accused Aakim, Vinod and Ameen stabbed him. The victim was rushed to the Sanjay Gandhi Memorial Hospital where doctors declared him brought dead,' the police officer added.

'The victim is survived by his wife and a child. Aakim and Vinod were arrested Sunday morning while Mukesh and Ameen are still absconding,' the police officer said.

The police suspect it to be a case of personal rivalry and is further investigating the matter.