Police said the suspect, a 16-year-old boy, was apprehended on Wednesday morning and booked for murder.
The boy, a school drop-out, was inebriated during the murder, which took place on Tuesday night, confirmed officers. He lives with his parents, whom are daily wage labourers.
The victim was identified as a resident of nearby Jafrabad, where he lived with his mother, who worked as a domestic help.
Police did not reveal the victim's name, arguing that he is a minor.
Investigators said the two did not know each other. The suspect approached the victim in Janta Mazdoor Colony in Welcome and asked him for 350 to buy biryani. The 16-year-old then tried to rob the boy when he refused, leading to a scuffle. The suspect then choked the victim and left him unconscious, said police.
Footage captured on CCTV cameras installed in the neighbourhood played out the rest of the murder in gory detail.
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