For the price that it is coming it, it is a decent bike. Apart from the Vikrant connection there is nothing extra ordinary about the bike, but it is better built than most of the bikes in that category. The attention to detail is very visible and it is a beauty to look at. The body is well built, looks cool and classy, and the paint job is rather impressive. That’s why I said it is a decent bike for the price.
There is nothing special about the engine or any other part of the bike. In fact, the engine is under-powered in it’s segment. Where as most bikes in this cc range makes 13 - 14 bhp, this engine makes a little over 11bhp. You won’t be winning any races with this for sure. I only did a test drive of the bike and my experience with the bike is rather short, and in terms of performance I was not impressed. I would rather go for a Pulsar 150 than this. But, it is an exclusive bike(at least in comparison to Pulsar), and it comes with a history. So, it is really up to you to decide if you want this or now.
If you are thinking about buying a 150 odd cc bike, I would ask you to go with Honda CB Hornet 160r. Yes, it is roughly 20k more expensive than the Bajaj V, but trust me, it is worth it. It is nice bike. Powerful enough, breaking is decent, looks cool, and the engine is much smoother than any Bajaj engines.