Hi,
I bough Philips Blue ray BDP3200, i guess 1 year back, it works like charm(Usually play DVD's).
Philips Blueray you should get for 6-8K
http://www.philips.co.in
In stores price should be less than whats displayed on philips website
Check Chroma or similar stores.
If you wana go cheaper
I am not sure but check for Videocon/Onida blueray players
If you still wana go cheaper
Buy used, check this forum("For Sale by owner")
My past experience with Sony and Philips (DVD Players only) has not been good sometime they are not able to read disks, hang for ever, take loooooong time to read DVD, and these players tend to die after 1 year, but so far my Philips Blueray has been good.