I figured it out... From February 16, 2005 the .in domain name was available for registration without any restriction.
Once available to only a small group, .IN domain names is now available to everyone who wants one. Companies, individuals, and organizations in India and abroad will be eligible. Show your pride by using a .IN domain name -- the symbol of India's future!
With India emerging as a global destination for IT outsourcing/off-shoring, Indian organisations should change the domain names of their websites and e-mail IDs to sport .in at the end, just like other countries.
Beginning in early 2005, anyone who wants to register a .IN domain name will be allowed to. Registration will also be open to parties inside and outside of India, without restriction. For the first time, domains will be available at the second level -- easy-to-use and easy-to-remember domains such as "mydomain.in". Registration at the third level will also be open. There will be a variety of popular extensions available, such as mydomain.co.in, myorganization.org.in, and more!
The new era for .IN has just begin for the general public as planned on February 16, 2005.
Registrants started asking about how to get their own .IN domain soon after NIXI took responsibility on January 1. By the time the registry opened for real-time registrations on February 16, more than 33,000 names were snapped up in the first minutes. By the end of the first week, the 50,000 mark was crossed. Less than 100 days into its re-launch, .IN is about to pass the 100,000 registration milestone. Along the way, almost 30 registrars are already accredited and a domain name industry is starting to form in the country.
Does that mean that the domain will actually drop the same day it expires??? no second chance for the original domain owner? thats pretty risky and highly prone to cybersquatting. I mean just think if some pour soul forgets to renew for whatever reason, he can be nicely screwed up by those sharks sitting out there...
I am sure there will be redemption/grace period.
It will be tough for individual to go after the premium .in names as enom & directi will be aggressively going for these .in domains.
Moreover, I checked with couple of owners of top .in keyword and they have set auto renewal on.
I think I found your answer from some of my own domains that have expired. You have roughly 30 days from the day your domain name expires until it will be available to register by the public again.
During these 30 days you may "restore" the domain name back into your account at the registrar you use.
Now here is the catch: It will cost you $75!! (this is at Resellers, but probably the same or close anywhere else).
So, if you messed up, and it is a really good name, do you "restore", so there is no chance of losing it?
Or, do you gamble, and let it expire, then hope you are the first one to catch it again.
I have a LLL.co.in I let expire. I was going to restore it, until I saw the $75. I gamble, and try to catch it again. I have 2 good "mobile" names, I just might pay the $75 apiece for.