Sachin Samant, employed with Aakash Developers, a real estate firm, received bullet injury on his abdomen in the firing on Tuesday, Jun 29 evening.
He was rushed to a nearby hospital, where he was declared to be out of danger, said additional police commissioner Ramrao Pawar.
Police said that the reason behind the attack on Samant might be some property-related issue.
The exact cause for the victim being targeted is yet to be ascertained, added police official.
Further investigation are on.