The crime branch of Gurugram police has recovered demonetised currency notes worth around Rs 5 crore from an upscale locality here, officials said.

Acting on a tip-off, Sajjan Singh, chief of Palam Vihar's crime branch, along with Assistant Sub-Inspector Morari Lal, Head Constable Kuldeep, Vikas and Vinod raided a building in Sector 15 on Thursday, close to Delhi-Gurugram expressway.

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Police spokesperson Ravinder Singh told the media "seven persons were having words on some deal when the crime branch team raided the place".

"Seven persons, aged between 25 to 40 years, were identified as Rajiv, Satish and Sandeep, all residents of Delhi. The three other accused were identified as Dinesh from Nainital, Amit from Gurugram and Praveen Kumar from Rohtak," the police officer said.

The demonetised currency notes of Rs 500 and 1,000 were packed in several plastic boxes.

"The accused are being questioned and further legal action would be taken," the spokesperson added.