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Ive booked flight tickets a couple times through this site, and I should say, its good. No problems with booking or paying. Ive not yet booked hotels, so I cant say anything about it.
The website interface could be improved. Currently its a bit confusing too. One advantage is that there are a variety of payment options, and I liked it. If youre looking to book flight tickets online, Id recommend you go to cleartrip.com.