New Delhi: A 23-year-old property dealer was shot dead in South East Delhi's Jaitpur area, allegedly over a financial dispute. Police gave this information on Saturday.

He said that the incident took place at Mirza Associates around 7 pm on Friday when there was an argument between Zaid and Mohammad Firoz over money issue.

Residents informed police that they heard gunshots coming from inside Firoz's office, a senior police officer said.

According to the police, the argument between the two escalated and Firoz shot Zaid dead.

When the police team entered the shop, they found Zaid lying in a pool of blood and with a bullet wound in his chest. The officer said that after this he was taken to the hospital where doctors declared him dead.

Police said Firoz has been arrested and the murder weapon has been recovered. Zaid was the owner of A-Z properties.