BR movies are present in all planet m stores now, starting price @ 1599 RS, the blu-ray readers are not very easily available in india, i searhed a lot didnt get any all i was ofered was blu-ray writers which are very costly.
I finally setteled to fetch one from UK where i got the blu-ray hd-dvd combo drive for 60£'s and lucky HMV store sale of HD-DVD's for 2.99£ each so fetched about 30 of those...trust me they look amazing. The HD-DVD sale is still on amazon don't know wether they ship to India