I just got mine for Rs. 58500 which includes a 4GB memory card and 2.5% credit card charges.
I got a black one as that is the only one available these days, but if u can get a white one then that is better because the resale value is higher (at least that is what the shop keeper said to me). Also, the latest release of Android is 1.6 for HERO but mine had 1.5 so do check that out first.