NEW DELHI: Liquor baron Ponty Chadha and his brother Hardeep Chadha shot each other dead on Saturday at their farmhouse in New Delhi, Delhi Police said.

The incident took place around noon today.

Two security guards were injured in the shooting incident.

According to reports, the shooting was a result of family feud. Both brothers shot at each other. The dispute was a result of a recently signed real estate deal.

Delhi police officials are at the shooting spot. The two were taken a to a private hospital in South Delhi. Six bullet wounds were found in Ponty Chadha's body, according to reports.

On October 5, a case of shooting had taken place inside Ponty Chadha's ancestral home in Moradabad, but no one was injured.

Ponty Chadha, along with his brothers, managed the Chadha Group, which has been consolidated under the Wave brand. He ran a popular chain of multiplexes - under the Wave brand - in the National Capital Region

Further details are awaited.

