Indian Internet Era?

by Abhishek

I am amazed by the number of .com commercials on TV. All of them are in buying and selling things online.

Some of the commercials I see are of

I am just wondering, is this the start of Internet Era in India or an upcoming bust?
I am sure is here to stay but not sure about others.
Remember similar trend happend few years back with all the VC money pouring in to real estate portals such as etc. Where are all those portals right now?
It seems VCs are interested in buying and selling things online now.
What do you think?