The incident took place last night, Police Inspector G D Shivtare of the Daighar police station said.
The victim, identified as Ananta Balaram Bhagyawant was returning home around 8.15 pm when unknown persons attacked him with choppers and axe, after which he died on the spot, the officer added.
An offence under section 302 of the IPC has been registered, police said adding that the body was sent for postmortem.
A manhunt has been launched for the killers and further probe is on, Shivtare said.
