Motilal Oswal's top official buys Mumbai apartment for over ₹36 crore

The property is located in an under construction project called Satguru Rendezvous in Bandra West, Mumbai, the registration documents showed

Published on: Mar 13, 2024, 20:30:38 IST

By Vandana Ramnani

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Managing director of Motilal Oswal Financial Services Limited, Ashish Sharad Gumashta, has bought a 3416 sq ft apartment in Bandra, Mumbai, for ₹36.19 crore, property registration documents accessed by IndexTap showed.

The property is located in an under construction project called Satguru Rendezvous in Bandra West, Mumbai, they showed. Gumashta paid close to ₹2.17 crore towards stamp duty for the transaction, the documents showed.

The property transaction was registered on March 7, 2024. Motilal Oswal Financial Services Limited did not comment on the transaction.

Gumashta recently joined Motilal Oswal Financial Services Limited from Julius Baer India.

In other property transactions in Mumbai, promoters of a pharmaceutical manufacturing firm, Macleods Pharmaceuticals - Girdhari Lal Bawri, Rajendra Agarwal and Banwari Lal Bawri - recently purchased a bungalow in Juhu, Mumbai, for ₹101 crore, documents accessed by IndexTap.com showed.

Also Read: Promoters of pharma firm buy bungalow in Mumbai for ₹101 crore

Eight members of the Halan family, investors in stocks and other asset classes, had purchased four sea-facing twin apartments in K Raheja Corp’s luxury project in south Mumbai for a cumulative deal of ₹104 crore.

Also Read: Halan family buys 8 flats in Mahalaxmi for ₹104 crore

Vratika Gupta, founder of a well-known decor brand Maison SIA, had bought a luxury apartment in Mumbai for more than ₹116 crore in Oberoi 360 West, documents accessed by IndexTap showed.

Also Read: Founder of decor brand Maison SIA buys luxury apartment in Mumbai for over ₹116 crore

ABOUT THE AUTHOR
Vandana Ramnani
Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.Read More

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