Don't know the prices up there but in lahore, a black Cruisetronic was for sale and the demand was 1725k. The car was driven 7000 km.
Since the varient you're being offered costs a lac more than this, its a good deal even at 1750.
Consider this, if toyota DOES reduce prices by a lac, you'll have to pay for the registration and all the costs involved of buying a brand new car.
If i were in your place (i'd search for a black one) i'd definitly go for it.