CJ, It could be hype during the first buyout happened few years before.... I have been monitoring the lll dot in names over last 7+ years. I have seen many buyouts.. but this buyout is so different from the previous ones...
1) India's internet user base has grown to 300+ million ( the first buyout time its certainly less than 60 / 70 million )
2) number of projected internet users will be over 450 to 500+ million in 2 years time
3) Number of domains registered in .in extension officially crossed over 1.7 million few months before, very likely cross 2 million names in next few months.... i personally believe it shouldn't take much time to cross 3 million , very likely it should take max 2 years to reach there... very likely 3 million names in 2 years from now...
how many lll.in names are there in total.. 26*26*26=17576 ( some of these names are reserved like .nic.in , org.in / net.in / gov.in / dit.in ..etc few examples) , A significant number of names are with the end users too, i have personally handed over 50+ lll.in names to end users in last 7 years time...
Certainly less supply and more demand , this is the clear fact everyone has to agree.
More than that many businesses are using lll dot in names for their brands clearly which was not the case in earlier times... these are only few reasons i have....
One of the important stats i personally believe and proven fact across various domain extensions is the number of drops happening in lll category , number of drops in lll.in is reducing time by time and over last three months..average number of drops per month is less than 70 per month/
You may have your own reasons for saying its hype. I am not trying to find the faults in your opinion..
I am just sharing what I believe in with the details i have.