The family owned a grocery and plywood store, says ANI citing sources.
Ten bodies were found hanging inside a house while a 75-year-old woman's body was found lying on the floor. The family was taken to a hospital where they were declared brought dead. All of them had cotton and pieces of cloth tied over their eyes, leading police to suspect that they had killed themselves.
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The Delhi Police have rushed to the spot and the probe has been initiated.
Seven were women while three were minors. The man reported the incident to police and cordoned the area.
While police are yet to establish any connection between the two incidents, the investigation will consider all possible aspects, a senior police officer who is handling the gang war case said. A neighbour in the Burari district found the victims early on Sunday, police said. They are now scanning the CCTV footage from the area.