A city-based builder was arrested by police for allegedly brandishing a revolver at associates of a rival realtor over a property dispute at an under-construction building in suburban Andheri, an official said.

The builder, Amarjeet Jitendra Shukla (35), was later produced before a court which granted him bail, he said. The builder had been locked in a property dispute with the rival realtor for the past few years, the official said.