Hi Pratik,
I'm not sure of the wholesale value (don't know who can be interested in buying it in order to resell it) but there are many things to do with such a name.
For instance, you could list/describe the different places where freaks love to go (Goa, Manali, KTM even if not in India, etc etc).
The only problem is : it would target non-indian people and .co.in is not the best choice in this case.
Grรฉgoire.