Two men have been arrested for allegedly abducting a builder at gunpoint and extorting Rs 10 lakh in cash and gold jewellery weighing over 70 grams from him in Maharashtra's Palghar district, police said on Friday, reported PTI.

The incident took place on October 2, when the accused allegedly lured the builder to a hotel in Nalasopara East on the pretext of purchasing a commercial shop at his construction site.