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.

small yacht for sale 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)

small yacht for sale in india

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)

small yacht for sale in india

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.

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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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Indian Yacht

At first glance, India appears to be a third-world country. This is not at all the case, in that India is rich in natural resources, coupled with a technologically developed industry base and immense territories. It is quite possible that it will become a superpower in the nearest future, overthrowing China from its throne. The India of today is home to numerous factories, plants, companies, cities with millions of people, and is located on the coast of the Indian Ocean. It is a comfortable and well-developed tourist region, presenting endless opportunities for not only the common traveler, but also for the Indian Yacht voyager, as well.

Shestakov Yacht Sales: Your Source for an Indian Yacht

India is home to one of the largest players in the Indian yachting industry, ABG Shipyard, and sales and chartering are mature industries in this region. Chartering is extremely popular, and the market is saturated with domestic and imported Indian yachts and boats. Business is booming, with many new Indian yachts awaiting their owners at local marinas and docks. While many are fabricated in China, and there is also a large selection of pre-owned by all of the famous foreign manufacturers. Quite simply, India welcomes you with one of the widest selection of Indian yachts in the industry. As in other countries of southern Asia, there is a vast presence of motor boats. The advantages that this type of boat offers have long been appreciated in China, Indonesia and India itself; however, there is also a wide variety of sailboats, too. Sailing Indian yachts have traditionally been used by the Hindus and Europeans alike. It should also be known that sailboats made up the largest part of the naval fleet in India before the 1950's.

Contact Us Today for Your Indian Yacht

There are also Indian Yacht regattas, boat shows and exhibitions held in this region. As one of the industry giants, India has been attracting foreign investors from all over the world, many who have actually built their own shipyards here, a process not only beneficial to India's industrialization, but for the entire Indian Yacht market, as well. You can buy an Indian Yacht for a relatively low price, but that is not the only advantage of the local market - come and find out for yourself!

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When you opt for a pre-owned yacht it is advisable to know more about the various boat brands as well as their duration in business, quality plus their market share. It is better to gain knowledge of the various engines, whether it is inboard/outboard and straight inboard or simply outboard along with the individual drive units. If there is a particular drive or engine which might create issues in the long run it is a good idea to steer clear of it. Boat Prices in India start from Rs.20 lakhs/- onwards up to Luxurious Superyachts for Rs.100crore+. However keep in mind that acquiring a new vessel can be an expensive proposition.

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If you can find a boat which is only 2-5 years old and is in good condition, it is probably akin to a new cruiser and can be acquired at a much better price. Know more about the different types of Used Yachts for Sale in Mumbai; you can select the one which is apt as per your requirements. Lots of things must necessarily be taken into consideration when you are searching for a pre-owned boat.

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Classic Benetti motor yacht India listed for sale

The 35.4 metre Benetti motor yacht India has been listed for sale by Nicolas Valin Equinoxe Yachts International .

Constructed with a steel hull and aluminium superstructure by Italian yard Benetti, the yacht was originally delivered in 1982 and has benefitted from several refits – most recently in 2019. Designed in-house, the yacht boasts accommodation for up to 10 guests in four cabins comprising a master suite, one double room and two twin cabins with Pullman berths.

Highlights on this yacht for sale include a spacious main saloon with ample soft furnishings and an elegant dining table for up to 10 guests alongside a fully-equipped galley. India ’s interiors are characterised by an abundance of windows providing plentiful natural light.

The yacht’s vast deck space is perfect for hosting large cocktail parties, particularly up on the flybridge. Aft of the cockpit is tender storage, while forward guests can find sunpads overlooking the ocean. Even more socialising opportunity can be found on the foredeck, while al fresco dining is offered on the main deck aft.

Powered by twin Caterpillar diesel engines, India has a top speed of 14 knots, a cruising speed of 12 knots and a range of 3,000 nautical miles.

India is asking €1,900,000.

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small yacht for sale in india

Will luxury yachts find a home in India's coastal waters soon?

The Modi government plans to change this state of affairs with a policy to promote “yacht tourism” and personal yachting.

  • Country’s rich and famous would no longer have to rush to Europe and US for getting their yacht experience. They would soon be able to own, move and park their yachts along India's coastline. India plans to build marinas at several locations along the coast, minister Sarbananda Sonowal said.

small yacht for sale in india

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New Delhi: One of the world's most expensive yachts is owned by an Indian-origin industrialist. But steel magnate Lakshmi Mittal would probably think twice before parking his superyacht in Indian waters.

Reason: The country with a 7,500-km-long coastline doesn't have a single international-standard marina. This means rich Indians who own yachts have no choice but to park them in Europe, Singapore and Dubai, rather than Mumbai or Goa.

The Modi government plans to change this state of affairs with a policy to promote “yacht tourism" and personal yachting.

The ministry of ports, shipping and waterways (MoPSW) proposes to build marinas at several locations along the eastern and western coastlines that would provide global quality infrastructure for sailing and parking yachts from across the world, union shipping minister Sarbananda Sonowal said.

“We are adding a new dimension to our plan to promote cruise tourism. This includes developing the ecosystem for yachts with the development of marinas along the Indian coastline. This will be developed on the lines of facilities existing in several European countries," Sonowal said in an interview.

A policy for yachts will be included in the Cruise India Mission that aims to promote cruise tourism by developing airport-like facilities at ports to attract international passengers. The Mission is expected to be launched later this month.

“The plan for marinas or small port-like facilities for yachts and smaller boats is also aimed at providing people who move to Dubai and Singapore to get this yachting experience. The programme is not only aimed at facilitating luxurious yachts but is also aimed at creating ample employment opportunity within the country with our estimates suggesting that each yacht would require at least 20 crew members.

Also read: The dictator’s son wanted his yacht back. That’s when trouble started

"So, even if initially we have facilities like that in Croatia that has marinas supporting 15,000 yachts, enormous employment opportunities would be created," Sonowal said.

Shipping secretary T.K. Ramachandran said these marinas would be developed along all harbours. The ministry will identify key locations for putting up the infrastructure on a public-private partnership model.

People aware of the development said marinas in places like Goa, Mumbai and other places frequented by business leisure travellers would also host customers and immigration facilities, while effort would also be made to rope in the private sector to commercially develop the area around marinas with hotels, shopping arcades and recreational and business and conference facilities.

“We hope that first set of marinas would come up soon. This should align with development of facilities for promoting cruise tourism," Sonowal said.

To be sure, owning a yacht isn't cheap – they can cost anything upward of $15,000 to $1.5 billion (the price of Eclipse, the world's most expensive) – but the shipping ministry says yacht sales have been rising in India in recent years. Mostly, yachts are imported.

The Indian yacht market generated a revenue of $115.1 million in 2023 and is expected to reach $162.9 million by 2030, according to report by Grand View Research, an India and US-based market research and consulting company. However, this is tiny by global standards – just 1.2% of the global yacht market in 2023. China is the fastest growing market in Asia Pacific, projected to reach $810.0 million by 2030.

Super-rich Indians who own yachts include industrialists Mukesh Ambani , Laxmi Mittal, Gautam Singhania, Anil Ambani, and film star Salman Khan, industry reports said.

Also read: India plans ship building JV between state-run refiners and Shipping Corporation of India

According to the report, Indian nationals own about 1% of all yachts that are 40 meters or longer.India's superyacht industry is still in its early stages, with fewer than 300 boats registered in the country. This includes around 120 luxury yachts and over 150 speed boats.

In India, limited infrastructure is available for yachts to park at Mumbai, Goa, Kochi and Chennai. At several other places, yachts are parked at ports having temporary arrangements for yachts.

Some of the key global companies operating in the yacht market are Damen Shipyards Group, Azimut Benetti Group, and Ferretti S.p.A. The government wants some of these companies to set up shop in India and offer their yachts and yachting and services here.

Yachting has tremendous potential for growth in India where this becomes a status symbol for the upwardly mobile, said AnilDevli, CEO of Indian National Shipowners Association (INSA). "But in all this, the government should ensure that any policy on yachts should give a boost to domestic production of these at our shipyards. Also, the government should look at easing visa regulations to bring in technicians and non-engineering workers who are conversant to servicing these complex vessels," Devli said.

It is expected that ministry would also discuss security-related issues with agencies including coast guard and Indian navy to facilitate uninterrupted movement of Yachts along Indian coast. A protocol would also be developed to facilitate this service.

“If you develop facilities as per global standards, then definitely you get all the stakeholders around," Sonowal said.

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