As it is almost impossible to almost give away state/city names in .net.in and .org.in may be it is something you should rethink?
If only I could go back and get back all the .com names I couldn't 'give away' in 2003.
Honestly, these are long, long term plays. So many domainers cannot view past next week, nevertheless a year down the road to renewal. The ones that are actually seriously prepared to buy and hold some of these names for years and years are few indeed.
I own several and openly say to anyone that right now, they are purely speculative and worth little to nothing, just like all those worthless .orgs I didn't bother registering in 1998 (major world cities, super-premium keywords...)
As such, these names are positively *awful* fodder for domain resellers, simply because the market is so, so small (there's maybe a dozen of us who actively buy them, and none of us pay end-user prices, since "end user prices" in India really don't exist yet)
There are other factors involved, too- a big one being that these are English language domains on a ccTLD where 700,000,000+ people in that country don't speak English- in a larger world where IDN is about to become a very big deal...
There are any number of reasons why these names are not good choices for most people. If you're a domain reseller or a short term domain speculator, there are better places to park your money. If you're a newbie or an impulsive type, you will fail with these names.
For me, these geo names are a small hedge, no different than getting a bit of Emerging Market exposure in my equities porfolio. With these names, I'm placing a twofold bet that costs me less than $1K a year to re-up.
I'm betting that India in 2020 will look very different than India in 2010, and I'm betting that the English Language will continue to be the language of meaningful commerce.
So, I renew NarimanPoint.co.in or Rupees.org.in or Land.org.in, with the belief that India in 2020 will have an entirely different economic metabolism for domain names than they do today and while these names aren't as good as the epynomous keyword on .in, they're still worth renewing and in a few cases, developing.
On a moments notice, I'm prepared to punt on these names. Let a few market dynamics change and every single one of them will hit the aftermarket and if unsold there, the drop list.
That's the domain game. You don't get into a long term market- which India names are- with a near-sighted approach, which seems to be the prevalent theme amongst most Indian domainers. They're so worried about scraping up pocket change now that they overlook what might happen tommorow. Perhaps this is because there is such poverty in India and money goes a lot further there, I don't know. What I do know is that this is a very long term market and if you aren't prepared to play it that way, you aren't playing it right.
10, 15, 20 years is a long, long time but people who are able to make 10, 15, 20 year decisions- with a degree of accurate foresight- are the ones who usually win biggest. Every guy you see who owns a portfolio of seven-figure .com names was registering them 15 years ago, knowing that he would eventually arrive here, today, and have the last laugh.
I buy these names and forget about them. When the renewal bill comes due, I give them a quick glance, see if there's anything I missed in my initial assessment, see if things have changed and if everything still lines up, I renew, perhaps trimming a few on the bottom. I invest very little active thought into them. If in 5 years they still have no traction whatsoever and the 3rd level TLDs become meaningless, then maybe I'll reconsider. If in 5 years IDN completely blows English language domains out of the water in India, then maybe I'll reconsider. Otherwise, these are "buy and forget" names to me. I can afford to do this... Can you?
As far as 'what I look for' when making a decision to buy, I don't give away my playbook, but I can tell you this. In the same amount of time a cricket batsman takes to decide to swing at an incoming ball is about how long it takes me to know whether I want to buy a city name or not, after nothing more than looking it up on Wikipedia.