During the Indian National Gas Hydrate Program Expedition 01 (NGHP-01), one of the richest marine gas hydrate accumulations was discovered at drill site NGHP-01-10 in the Krishna-Godavari Basin, offshore of southeast India. The occurrence of concentrated gas hydrate at this site is primarily controlled by the presence of fractures. Gas hydrate saturations estimated from P- and S-wave velocities, assuming that gas hydrate-bearing sediments (GHBS) are isotropic, are much higher than those estimated from the pressure cores. To reconcile this difference, an anisotropic GHBS model is developed and applied to estimate gas hydrate saturations. Gas hydrate saturations estimated from the P-wave velocities, assuming high-angle fractures, agree well with saturations estimated from the cores. An anisotropic GHBS model assuming two-component laminated media - one component is fracture filled with 100-percent gas hydrate, and the other component is the isotropic water-saturated sediment - adequately predicts anisotropic velocities at the research site.