Business
These 7 Rich People Live In Gurugram’s Poshest Society Where Flats Cost More Than Luxury Cars
Gurugram has long been considered the corporate capital, but one residential tower has now become a symbol of how the super-rich prefer to live. DLF’s ultra-luxury project ‘The Camellias’, spread across Sector 42 along Golf Course Road, is today the costliest address in the city, where even a single apartment can rival the price of a fleet of imported luxury cars. Launched in 2014 at a base price of Rs 22,500 per square foot, the project’s rates have skyrocketed to nearly Rs 85,000 per square foot in 2025. An average flat here runs into dozens of crores, while the largest penthouses easily touch Rs 150–200 crore. (News18 Hindi)

The society has quietly attracted a who’s who of entrepreneurs and business leaders, many of whom have shifted in with record-breaking property deals. One of the latest entrants is London-based billionaire, Sukhpal Singh Ahluwalia, who recently sealed a deal for an 11,416-square-foot apartment worth Rs 100 crore. Ahluwalia, who already owns a grand bungalow in Delhi’s Lutyens zone, is now among the high-profile names calling Camellias home. (News18 Hindi)

The project has also recorded the city’s costliest penthouse sale. Rishi Party, CEO of Info-X Software, bought a massive 16,290-square-foot penthouse for Rs 190 crore. The deal, finalised on December 2, 2024, came with a stamp duty payment of Rs 13.30 crore, one of the highest in Gurugram’s real estate history. (News18 Hindi)

Another big-ticket buyer is Deep Kalra, founder of MakeMyTrip, who along with his wife Amrita, purchased a 7,430-square-foot apartment for Rs 46.25 crore. (News18 Hindi)

Sameer Manchanda, founder of DEN Networks, and his wife Kavita too are part of the elite neighbourhood. Their 10,813-square-foot apartment cost Rs 37.83 crore, bought in 2019 but officially registered only in March 2024 after final payments. A stamp duty of Rs 2.27 crore was paid on the property. (News18 Hindi)

From the startup world, Aman Gupta, co-founder of boAt, joined the list of high-profile residents when he picked up an apartment worth Rs 52.3 crore in August 2022. Officially registered in March 2025, Gupta also paid a stamp duty of Rs 3.66 crore on the deal. (News18 Hindi)

The power couple behind Mamaearth, Varun and Ghazal Alagh, already own a 10,000-square-foot residence here, reportedly valued at around Rs 100 crore. Ghazal, who also gained fame as a judge on Shark Tank India, often highlights her move into the high-rise as a lifestyle upgrade. (News18 Hindi)
Business
Banks to report all related party forex derivative transactions: RBI – The Times of India
Mumbai: RBI has required banks to report all foreign exchange derivative deals involving the rupee undertaken in India and globally by their entire group, including overseas branches, subsidiaries, and parent entities. This brings into view offshore trades that were earlier largely invisible. This applies to both OTC deliverable and offshore non-deliverable contracts, meaning even speculative offshore bets on the rupee must now be disclosed. Banks now must report detailed transaction data-size, counterparty, maturity, and structure-no later than two working days, though trades below $1 million and certain already-reported or internal hedging transactions are exempt.
Business
Renters’ Rights Act: My tenant owes £15,000 in rent, but I can’t get them out of the property
Currently, under a so-called Section 21 notice, a landlord can evict a tenant without giving a reason – and with just eight weeks’ notice. The new legislation will restrict landlords to a handful of legal reasons for evictions, including wanting to move back in, anti-social behaviour by tenants or persistent rent arrears.
Business
‘I had £20,000 stolen and had to fight a 13-month fraud reporting rule to get it back’
Sarah has now got her money back but there are calls to reform the deadline for reporting scams to banks.
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