Probably not. Honda usually prices its cars around IMC but excludes quite a few things which you then pay 4-5 lacs extra for but they come included in the price for grande such as navigation, leather and utility package.
Civic Oriel Ex-Factory Price: 4,259,000
Civic Oriel Ex-Factory Price with navigation leather and utility package: 4,436,000
And you get reclining rear seats and paddleshifters with grande.
Although Elantra is a good car as well, the only reason I wouldn't really prefer it over Grande personally is that both cars have solid rear axles so might as well go for one that has the best mechanical robustness. Build quality of Elantra is likely to be much better due to much lower localization at this stage. Later on as localization increases its quality might tank too.
But if I really had around 45 lacs in cash to spend on a car then I'd get one Alto/Cultus/WagonR AGS for just general daily use and one old Merc/BMW as an evening/weekend car.