Hi Anshul, my 2 bits of suggestion considering your limited gaming budget:
A: Sony / Samsung 26" LCD = 30,000 max
B: 1 PS3 40 GB with Motorstorm 2 / Resistance 2 free = 22,900
C: 1 X360 Core Console = 14,900
Total: 70,000 max, invest the reamining amount in buying a small memory unit for X360...