LG Jazz Theatre is an excellent choice providing XLNT value for money. It's picture quality is great, as many review sites have attested. In fact, in DIGIT magazine's March 2009 issue of HDTV shootout, the older Jazz model 42LG80FR was awarded the Digit Best Performer. And this despite there being models from other brands like Sony, Samsung, Hitachi, Panasonic, etc. So despite what many "experts" may tell you about its PQ the Jazz Theatre is a good pick. To top it all off, it has 10 speakers with a total output of 700W PMPO. So sound-wise there is really no competition. Let me type out an extract from the review of LG Jazz in DIGIT's March 2009 issue:
This was perhaps one of the most attractive looking displays we received...... In terms of performance the 42LG80FR is a scorcher. It did well across the board with Display Mate with good rendition of colours and a good contrast ratio. Throughout our movie tests we had no colour aberrations or any sort of problems. It does excellently well with 1080p content and even displays lower resolution stuff well. Text rendition is clear, crisp and with great detail making reading even long documents a pleasure. If you want to use your display as a monitor or even to read the odd e-book this display should be at the top of your priority list........... This display was our (joint) Digit Best Performance winner and comes highly recommended for anyone shopping for a 42-inch LCD display.
PS: The other "joint" winner was a mammoth 70 inch LCD display from Sony (KDL-70X3500)
The Jazz Theatre is a slight improvement on the 80FR series so you should expect similar, if not better performance.
The 32 Jazz Theatre is available in Delhi for around 35.5k. Availability may be an issue though.