Some specifically trace the houseboat phenomenon to around the 1880s, to a shop-owner Pandit Naraindas who used to cater to foreign tourists. When his shop burnt down, as wooden structures in Srinagar are wont to for time to time, it is said Naraindas moved his inventory to a small boat used by the boat-dwelling Hanjis and moored it. With some improvements, his became the first proper houseboat. Later, Naraindas sold his boat to a European, realised the potential in the idea, and started commissioning boats. He became locally famous as Naav Narain and his first houseboat was named Kashmir Princess.