Yachting in India
Recent reports in the Indian press indicate changes. Specifically, a new yachting culture has hit Indian shores. Globe-trotting Indians are starting to flaunt express cruisers and speedboats. These are the new symbols of wealth. In addition, families are renting large yachts for vacations together.
Malav Shroff of Mumbai-based Mahindra Ocean Group comments. “After you have luxury cars, upmarket living spaces, high-end accessories, and farmhouses, where would you spend your money? Yachts are becoming elements of aspiration for many.”
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.
Jana Sheeder, President of 1-800 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.”
Many Indian-owned yachts are used exclusively by the owners. Further, others are now available for charter. Specifically, both in India and in ports around the world. Vijay Mallya owns the 95-meter motor yacht INDIAN EMPRESS. Sheeder and her company offer the yacht for hire. Her weekly rate is €600,000 plus expenses.
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This entry was posted in Yacht Charter Destinations News Frequently Asked Questions Educational and tagged yacht sales, Vijay Mallya, buy a yacht, Mumbai, India, How to rent a private yacht, How do I rent a yacht?, Mediterranean yacht charter, yachts as symbols of wealth, Indian charter market, boats as symbols of wealth, Jana Sheeder, Sea Ray, president of 1-800 Yacht Charters, sell a yacht, Indian Empress, yacht India, Ferretti, Number of Cowes
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