Majesty 155
The 47 metre Majesty 155 is the biggest superyacht yet to emerge from Gulf Craft. Using the latest technology (also used in the A380 aircraft) the Majesty 155 is comprised of an GRP hull – rather than the more traditional steel or aluminum construction. Correctly applied, GRP offers fantastic build flexibility, is virtually stress-proof, and does not suffer from fatigue. This new hull design was tank-tested in Italy, and the actual ship proves to perform above all expectations. She is easy to handle, stable, and quiet, leaving minimum wakes behind.
As our flagship superyacht, the magnificence of the Majesty 155 is unsurpassed. Luxuriously designed to reflect an opulent land based lifestyle, she is handcrafted to meet her owners taste and requirements using only the finest materials.
The Majesty 155 represents innovation in both design and functionality. The Majesty 155’s hull design allows for low fuel consumption, long-range capability, and incredible comfort. In addition to offering substantial space, the 9.6 metre beam allows for an even greater stability.
Each of the Majesty 155’s rooms are a showcase of design, style and elegance. Numerous entertaining spaces cater for sun lovers and shade seekers alike, whilst the generously proportioned guest and owner state rooms offer privacy in luxurious surroundings.
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Average Cost of Buying & Owning a Yacht in India (with 4 examples)
The number of yacht owners has significantly increased in recent years, particularly in the coastal cities of Mumbai and Goa. This is due to the growing popularity of yachting as a recreational activity among the affluent class in India, as well as the increasing availability of high-quality yachts and yacht services in the country. Yacht prices remain competitive and depend on factors such as the yacht's brand, age, and condition.
The average cost of new yachts is around 2–3 crores (₹20–30 million or $270,000–$405,000) for smaller yachts and can go as high as 1,000 million INR ($135 million) for larger yachts. Ownership costs involve annual maintenance expenses ranging from Rs. 1 lakh to Rs. 5 lakh ($740 to $3,700) per year.
The total annual cost of owning a yacht, inclusive of maintenance, can range from ₹2 lakh to ₹5 lakh or more, depending on the size and type of yacht you choose. Below, you'll see a breakdown of this cost.
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- Operating costs for yachts, including fuel, crew, and other expenses, could be around 10% to 20% of the yacht's value each year.
- Expect to pay around 1% to 2% of the yacht's value annually for insurance coverage.
- Consult with maritime law experts and tax professionals about the legal clearances and tax considerations involved in purchasing a yacht in India.
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Cost of buying a yacht in india, cost of owning a yacht in india, four examples of yachts and their costs in india.
A yacht is a larger boat primarily used for recreational or leisure purposes. Owning a yacht in India allows you to explore the country's vast and beautiful coastline at your leisure. As a yacht owner, you have the freedom and flexibility to plan your own trips and vacations, creating memories with your friends and family.
Buying Yachts in India | Cost of New | Cost of Used |
---|---|---|
Sailing yachts | ₹50 lakh to ₹3 crore (5 to 30 million rupees) | ₹10 lakh to ₹50 lakh (1 to 5 million rupees) |
Motor yachts | ₹1 crore to ₹50 crore (10 million to 500 million rupees) | ₹50 lakh to ₹10 crore (5 million to 100 million rupees) |
Catamarans | ₹1 crore to ₹20 crore (10 million to 200 million rupees) | ₹50 lakh to ₹5 crore (5 million to 50 million rupees) |
Superyachts | ₹300 crore to ₹1,500 crore (3 billion to 15 billion rupees) | ₹50 crore to ₹300 crore (500 million to 3 billion rupees) |
Imported yachts | ₹1 crore to ₹500 crore (10 million to 5 billion rupees) | ₹50 lakh to ₹50 crore (5 million to 500 million rupees) |
Custom-built yachts | ₹5 crore to ₹500 crore (50 million to 5 billion rupees) | ₹1 crore to ₹50 crore (10 million to 500 million rupees) |
Here's a table of the costs in USD:
Yachts in India | Cost of New Yachts | Cost of Used Yachts | Costs of Owning a Yacht per Year |
---|---|---|---|
Sailing yachts | $65,000 to $405,000 | $13,000 to $65,000 | $15,600 to $71,500 |
Motor yachts | $130,000 to $6,500,000 | $65,000 to $1,300,000 | $100,100 to $481,000 |
Catamarans | $130,000 to $2,600,000 | $65,000 to $650,000 | $15,600 to $71,500 |
Superyachts | $39,000,000 to $195,000,000 | $6,500,000 to $39,000,000 | $1,768,000 to $8,515,000 |
Imported yachts | $130,000 to $65,000,000 | $65,000 to $6,500,000 | $422,500 to $1,716,000 |
Custom-built yachts | $650,000 to $65,000,000 | $130,000 to $6,500,000 | $1,768,000 to $8,515,000 |
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Sailing yachts : These are powered by sails and offer a more traditional sailing experience. They can be a more eco-friendly option due to their lower fuel consumption, but they may require more skill and knowledge to operate.
Motor yachts : These are powered by engines, making them faster and more straightforward to navigate than sailing yachts. Motor yachts are typically larger and more luxurious, providing various amenities and comfort options for you and your guests.
Catamarans : Catamarans have two parallel hulls, offering more stability and space than other yachts. Due to their design, catamarans provide a smoother ride and are ideal for those who want more space or are prone to seasickness.
Superyachts : These are the epitome of luxury yachting , typically longer than 80 feet and featuring multiple decks, spacious cabins, and state-of-the-art technology. Superyachts are ideal for the wealthiest yacht owners, as they come with a hefty price tag and high maintenance costs.
In this section, we'll explore the operating costs for yachts, including maintenance, docking fees, insurance, fuel, and crew expenses. As a general rule, these could be around 10% to 20% of the yacht's value each year. This percentage can give you a rough idea of ongoing expenses, but keep in mind that every yacht and situation is unique, and actual costs may vary.
Owning a Yacht in India | Sailing Yachts | Motor Yachts | Catamarans | Superyachts | Imported Yachts | Custom-Built Yachts |
---|---|---|---|---|---|---|
Maintenance per year | ₹2 lakh to ₹10 lakh | ₹5 lakh to ₹20 lakh | ₹2 lakh to ₹10 lakh | ₹50 lakh to ₹3 crore | ₹10 lakh to ₹50 lakh | ₹50 lakh to ₹3 crore |
Docking fees per year | ₹2 lakh to ₹10 lakh | ₹5 lakh to ₹20 lakh | ₹2 lakh to ₹10 lakh | ₹50 lakh to ₹3 crore | ₹10 lakh to ₹50 lakh | ₹50 lakh to ₹3 crore |
Insurance per year | ₹1 lakh to ₹5 lakh | ₹2 lakh to ₹10 lakh | ₹1 lakh to ₹5 lakh | ₹20 lakh to ₹1 crore | ₹5 lakh to ₹20 lakh | ₹20 lakh to ₹1 crore |
Fuel per year | ₹2 lakh to ₹10 lakh | ₹10 lakh to ₹50 lakh | ₹2 lakh to ₹10 lakh | ₹1 crore to ₹5 crore | ₹50 lakh to ₹2 crore | ₹1 crore to ₹5 crore |
Crew expenses per year | ₹5 lakh to ₹20 lakh | ₹10 lakh to ₹50 lakh | ₹5 lakh to ₹20 lakh | ₹3 crore to ₹10 crore | ₹50 lakh to ₹2 crore | ₹3 crore to ₹10 crore |
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Regular maintenance : The cost of maintenance depends on the size and type of your yacht. The cost can increase over time, especially as your yacht gets older and requires more extensive repairs. Maintenance costs generally include cleaning and painting, engine and mechanical work, electric and electronic system repairs, and plumbing and sewage system maintenance.
Docking fees : These fees can vary based on the location, amenities, and services provided by the marina. To get a better understanding of docking fees for your yacht, research marinas near your desired location and request quotes for docking services. Don't forget to account for any offseason hauling and storage fees if your yacht needs to be taken out of the water during the winter months or while you're not using it.
Insurance costs : Yacht insurance is vital to protecting your investment from various risks, such as accidents, theft, or natural disasters. Insurance premiums are usually determined by factors like the yacht's value, size, age, and intended usage. As a rough estimate, you can expect to pay around 1% to 2% of the yacht's value annually for insurance coverage. However, this percentage could vary based on your specific yacht and insurance provider.
Fuel and crew expenses : Depending on your yacht's size, you might need to hire a professional crew to manage and maintain it. Crew salaries depend on their roles and experience, which can significantly affect your annual yacht expenses. In addition, fuel costs will vary according to the size of your yacht's engine and the distance traveled.
To get a taste of sailing before you buy a yacht, you can make a private reservation. Here's the average price to book a private yacht in Mumbai .
Yachts in India | Estimated Cost |
---|---|
Small sailing yacht (less than 50 feet) | ₹2 crore to ₹3 crore (20 to 30 million rupees) |
Mid-size luxury yacht (50 to 60 feet) | ₹5 crore to ₹30 crore (50 to 300 million rupees) |
Large motor yacht (over 70 feet) | exceed ₹70 crore (700 million rupees) |
Mega yacht (over 100 feet long) | several hundred crores (billions of rupees) |
When looking for a yacht, it's essential to take into account the size, features, and costs. Here are four examples of yachts available in India , showcasing a range of sizes and costs.
Small sailing yacht : Perfect for a leisurely sailing experience, a small sailing yacht can cost around ₹2 crore to ₹3 crore (20 to 30 million rupees) depending on its age and condition. These boats are generally less than 50 feet in length and can accommodate up to six people. With lower maintenance costs and fuel consumption, it's an excellent option for beginners and weekend sailors. Here is an example of an average price for a small sailing yacht .
Mid-size luxury yacht : As you move up in size and amenities, a mid-size luxury yacht of around 50 to 60 feet in length can cost anywhere from ₹5 crore to ₹30 crore (50 to 300 million rupees). These vessels are built for comfort and offer improved accommodations, entertainment areas, and more advanced navigation systems.
Large motor yacht : As the size continues to increase, large motor yachts measuring over 70 feet in length can easily exceed ₹70 crore (700 million rupees). These yachts are more luxurious, come with state-of-the-art technology, and can accommodate more guests. With more power, they are perfect for long-range cruising and hosting exclusive events.
Mega yacht : For the ultimate yachting experience, mega yachts are considered the pinnacle of luxury and status. Over 100 feet long, the price tag can reach several hundred crores, based on the level of customization you desire. Mega yachts, as their size suggests, are equipped with advanced technology, luxurious amenities, and plenty of space for entertaining.
New yachts in India
You can expect to spend anywhere from 2 to 30 crores (20 to 300 million rupees) for a new yacht, depending on the size and features of the yacht. Smaller yachts will typically be on the lower end of this range, while larger yachts will be more expensive. Some factors to consider when purchasing a new yacht include the brand, build quality, and additional features.
Used yachts can be more affordable than new ones
These are more affordable, especially if you're willing to compromise on certain features or the age of the yacht. In general, you can expect to spend around 60–70% of the original price on a used yacht. Keep in mind that the condition and maintenance history will play a significant role in determining the price of a used yacht, and it's crucial to carefully inspect any used yacht before making a purchase.
Imported yachts to India
The cost of an imported yacht will depend on factors such as the country of origin, size, and specifications of the yacht. Additionally, you may face additional costs like import duties, taxes, and shipping expenses. It's essential to familiarize yourself with the legal requirements and tax implications of importing a yacht to India before making a decision.
Custom-built yachts for a unique experience
These personalized yachts offer the opportunity to design and create your dream yacht. The cost of a custom-built yacht can vary widely, depending on factors such as the size of the yacht, the materials used, and the complexity of the design. While custom-built yachts can be expensive, they offer unparalleled personalization and luxury for those willing to invest.
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A Superyacht Guide to India
Jojy Cherian (Seal Superyachts India).
India is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the south-west, and the Bay of Bengal on the south-east, it shares land borders with Pakistan to the west, China, Nepal, and Bhutan to the north-east; and Burma and Bangladesh to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka & the Maldives; in addition, India’s Andaman & Nicobar Islands share a maritime border with Thailand and Indonesia. India recently achieved ‘trillion dollar economy’ status and has one of the world’s fastest economic growth rates.
Bounded by the Indian Ocean in the south, the Arabian Sea in the west, and the Bay of Bengal in the east, India has a coastline of 7,517 kilometers (4,671 miles). Of this, 5,423 kilometers (3,370 miles) belong to peninsular India, and 2,094 kilometers (1,301 mi) to the Andaman, Nicobar, and Lakshadweep Islands. According to the Indian naval hydrographic charts, the mainland coast consists of 43% sandy beaches, 11% rocky coast including cliffs, and 46% mudflats or marshy coast.
India, with her vivid history and multi-religious society, provides a great opportunity for visitors to come and spend quality and memorable time. The landscape of India is full of breathtaking monuments, palaces, festivities, hill stations, wild life sanctuaries, health spas, resorts, spiritual centres and many more earthly pleasures. India’s superyacht industry is rather nascent. Presently there are less than 300 boats registered in India. Including around 120 luxury yachts and over 150 speed boats, with foreign brands enjoying a dominant share. Now approximately 120 boats are sold every year in India, of which more than 80% are speed boats. The most popular sizes of boats purchased in India ranges from 15-35 ft in overall length. Given the enormous price range in leisure boats, ranging from Rs 3 million for speed boats to over Rs 1 billion for super luxury yachts, the revenue turnovers can be misleading. The current revenue of India’s pleasure boating industry is estimated to range from Rs 1.5 billion to Rs 5 billion per year, depending on which types of luxury yachts get sold in the year. However, the industry is growing at more than 100% p.a. in volume and value terms, and one can expect the share of luxury yachts to increase over the years.
India offers the unique opportunity, for yacht owners and charterers, but at the same time it is also equipped with a good infrastructure and highly skilled manpower for yacht building and refitting activities at a much lower cost when compared to the International market. India’s market for luxury boats and yachts has grown by about 10 percent in the last three years, a period signified by the slowest economic growth in decades. India is an emerging market for the super-yachts. The level of growth in terms of the International markets cannot be termed as phenomenal. However, in the Indian context, it is rapidly progressing. The growth is being fuelled by an upbeat Indian economy as disposable incomes and aspirations are rising. Old and new sit shoulder to shoulder in this colourful country, where sophisticated bars and beachfront day-spas share space with traditional eateries and charismatic market squares. The intriguing Indian coast is a favoured yachting destination, where the coastline of the Arabian Sea and Bay of Bengal is riddled with unique anchorage points and towns unlike any other on the metropolitan map. With an enjoyable year round climate and a tempting showcase of sun, sand and sea blessed with distinctive Indian flair, there is no wonder this stretch of the world is nothing short of an adventure.
Lakshadweep Islands
Lakshadweep is a group of islands in the Laccadive Sea, 200 to 440 km off the coast of the South West Indian state of Kerala. They were also known as Laccadive Islands, although geographically this is only the name of the central subgroup of the group. The islands form the smallest Union Territory of India. The total surface area of the islands is just 11 sq mi or 32 km2. However, the lagoon area is about 4,200 square kilometres (1,600 sq mi), the territorial waters area is 20,000 square kilometres (7,700 sq mi) and the exclusive economic zone area is 400,000 square kilometres (150,000 sq mi). Lakshadweep is an archipelago of twelve atolls, three reefs and five submerged banks, with a total of about thirty-nine islands and islets.It is the northern part of the erstwhile Lakshadweepa.
The islands are the northernmost among the Lakshadweep-Maldives-Chagos group of islands, which are actually the tops of a vast undersea mountain range, in the Indian Ocean, the Chagos-Laccadive Ridge. Ten of the islands are inhabited. The islands are served by an airport on the Agatti island. The main islands are Kavaratti, Agatti, Minicoy, and Amini. The total population of the territory is 60,595. The reefs are in fact also atolls, although mostly submerged, with only small unvegetated sand cays above the high water mark. The submerged banks are sunken atolls. Almost all the atolls have a northeast-southwest orientation with the islands lying on the eastern rim, and a mostly submerged reef on the western rim, enclosing a lagoon. It has 10 inhabited islands, 17 uninhabited islands, attached islets, 4 newly formed islets and 5 submerged reefs. The Amindivi group islands (consisting of Amini, Keltan, Chetlat, Kadamat, Bitra and Perumal Par) and the Laccadive group islands (comprising mainly Androth, Kalpeni, Kavaratti, Pitti and Suheli Par), both have a submarine connection between them. Together with Minicoy Island, located at the southern end of the 200 km broad Nine Degree Channel, they form the Coral Islands of India in the Arabian Sea. All these islands have been built up by corals and have fringing coral reefs very close to their shores.
Andaman and Nicobar Islands
All the 572 islands of Andaman and Nicobar Islands are formed by a submarine mountain range, which separates the Bay of Bengal from Andaman Sea. Maximum altitude of these islands reaches up to 730 m at Saddle Peak. Andaman and Nicobar Islands experience a tropical climate. It rains here medium to heavy during the monsoon, as well as between May to mid-September and November to mid-December. You would never experience extreme climate here except rains and tropical storms in late summer. More than 3,000 species of plants including mangroves, epiphytes (130 ferns, 100 orchids), palms, woody climbers, timbers (teak, mahogany and Andaman paduk) are harbored in the canopied rain forests of the islands. A large variety of tropical fruits are also found here. Marine fauna is diverse including a wide variety of tropical fish and coral. Considering the diversity and uniqueness of fauna and flora and the fragile nature of the eco-system here, 96 sanctuaries spread over 466.218 sq km and nine National Parks spread over 1153.938 sq km have been notified on these islands.
If the mainland of India is a store house of myriad tourist spots, its islands are not far behind as these tiny pieces of land offer the much sought-after serenity and privacy for leisure travelers. Located in the Bay of Bengal, is a premier tourist attraction in the country. Powder white beaches, swaying palm trees in the mild breeze, lush, green rain forests, sound of waves breaking on a coral reef and chirping rare birds, all of these are the major highlights of Andaman and Nicobar Islands. This Union Territory of India is home to some of the oldest tribes in the world. The visitors have a choice either to indulge in adventure activities such as trekking, diving and snorkeling, or just relax by the sea enjoying the cool breeze gently caressing your body. This group of 572 islands lies 193 km away from Cape Negrais in Myanmar, 1255 km from Calcutta, and 1190 km from Chennai. Situated in the Bay of Bengal, these two important groups of islets are known as Ritchie’s archipelago and Labyrinth islands. Located to the south of the Andamans, Nicobar islands are 121 km from Little Andaman island. Only 36 islands out of 572 islands are inhabited. These islands are placed between the latitudes 6º to 14º North and longitudes 92º to 94º East.
Footnote : Contact Seal Superyachts India for detailed information about cruising around India, superyacht charter regulations and about how we can support your visit. Principle agent Jojy Cherian is proud to have worked with many of the World’s largest Superyachts and has extensive knowledge of India and the surrounding area. Jojy Cherian Phone: +91 98 4100 9696 Email: [email protected]
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