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India’s Affluent Turning To Luxury Yacht Charter and Boat Ownership

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Recent reports in the Indian press seem to indicate a new yachting culture has hit Indian shores.  Globe-trotting Indians are starting to flaunt express cruisers and speedboats as new symbols of wealth, some event turning to renting large yachts for family vacations.

According to Malav Shroff of Mumbai-based Mahindra Ocean Group, "After you have luxury cars, upmarket living spaces, high-end accessories and farm houses, where would you spend your money? Yachts are becoming elements of aspiration for many."   

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Anju Dutta, a sales broker for Marine Solutions says sports cruisers are hot picks. "We have sold 45 Sea Ray sports boats and cruisers in the last year…in places like Goa, Cochin and Kolkata," she says. Marine Solutions also gets demand for premium Italian models like the Ferretti 570 motor yacht. More commonly seen in the Mediterranean yacht charter market, such as the Ferretti motor yacht NUMBER OF COWES, interest in both buying and chartering mid-range Ferretti models in India is on the rise.

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Jana Sheeder, President of SailAway Yacht Charters has been monitoring the increased demand for yachts in India.  "Mumbai is the country’s yacht capital, says Sheeder. "The number of motoryachts in the city has increased form 100 to over 200 in the past three years. The city has over 700km of waterfront exposure and the Maharashtra government has plans to develop multiple marinas.  This is truly an emerging yachting market."  

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While many Indian-owned yachts are used exclusively by the owners, others are now available for charter both in India and in ports around the world.  Vijay Mallya owns the 95-meter motor yacht INDIAN EMPRESS which Sheeder and her company offer for hire at a weekly rate of €600,000 plus expenses. 


Rent Private Yacht Contact SailAway at today to join in the fun, and discover the joys of luxury yacht charter vacations.

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