When this 8th gen first came out in 2006, I did not like it at all. However, 4 and a half years later I find that I have fallen in love with it. And I'm a diehard Corolla fanatic.
However I do believe in giving due credit. The interior in the 8th gen is absolutely fantastic and truly this is a driver's car. The Corolla on the other hand is indeed a chauffeur's car. No denying that. And who cares about fuel consumption anyway when you're driving and enjoying a truly magnificent car? 
Rizwan brother many congratulations on your new ride. May Allah bless you and this ride and may He keep you out of harm's way. Amen.