Hi Vinod, i see that you're in the process of making the same leap that I made, from looking for a 32" LCD to looking for a 42" plasma.
I know someone who can give you a very good price on the PV8H (I think he quoted 65k or 64-something to me). The T-nagar panasonic store is the worst. they are determined to dispose of their stock of PV7s and PV-70s before they even get PV8s (they even tried to discourage me from considering the PV8 saying, that "there is not much difference").
Instead of making the giant leap to 65k+ that a Panasonic plasma would have required, I made a smaller leap to a Samsung 42" Plasma...the 410 model, which has specs comparable to the Panasonic PV8 (and which I am getting for 55,500). I compared the Samsungs and the PV7 and PV70 and there was not much of a difference in picture quality (but not with the same source, both in showrooms). But even if i assumed a difference in picture quality to Samsung's detriment, it's definitely not a 9,500 rupee difference.
So if you want the wow-factor of a 42-inch plasma, and you're okay with going with a Samsung then please consider the 410 and the 450 (available for 55,500 and about 61,000 respectively). In addition to getting comparable specs and connectivity (the 450 is also 3D ready, if by chance you're interested), you also get a far far better looking piece of equipment. I know that's not a real factor, but when compared with a 9,500 buck lower price, I think it's a clincher. Do at least think about it.
More detailed reviews of the 410, I will post once it is delivered tomorrow, so you can wait for that.