i sold my baleno and shifted to 7th gen civic, and I would suggest to do the same go for civic or corolla of that age for
1) peace of mind
2) better road pleasure
3) parts cheaper for corolla and plenty civic on other hand availability is not an issue pr cost is bit high.
4) last it will really look like an upgrade from baleno to civic or corolla.
and you should not opt for liana based on:
1) liana has a very bad repute in market
2)parts are expensive and drive pleasure is not much different from baleno, even lesser then baleno on certain ways. and one tip if want to improve on baleno braking look for kabli ventilated brake rotors they improve braking alot i did this in mine and never had the issue again.
3) liana and baleno both have suspension issue, their front bushes and joints dont take much beating.
4) liana 2012 will set u back by an aount of 10 lacs, and in same amount u can have 7th gen civic and Corolla then why not.