After doing a lot of research on the net I decided to buy Sony H 50. Luckily for me one of my friend was going to Dubai that time. Though the price differential in Dubai and India is not huge still I got the camera for 19, 500 (Indian price at that time was 23, 000).
About the camera - With 15x Zoom + 9.1 MP + Carl Zeiss Lens it is like you are equipped with the best weapon in war :).Additionally, it has features like Anti Blur, Sports Mode, Red Eye Reduction, Smile Detection etc. It is a perfect camera for anyone who loves photography and wants his lens to do the talking. It has an amazing clarity in Zoom. It also has a pretty good movie record mode and in normal conditions it gives pretty good results. I also faced some sturdiness test :) (as I dropped the camera from the table) so I can vouch for its sturdiness.
Now the negative part about it - Its BULKY - After a while you would not take your camera out on all the occasions. As you would not like to give the camera to any one (As it is very expensive) and the camera being bulky, you would either carry it in your hand or hang it which becomes quite irritating.
To sum it up I will say the camera is great buy and if you are comfortable using a heavy camera you should go ahead and buy it.