With a 35k budget, you are pretty much looking at XGA resolution (not hd), if you buy it from India - and you can forget about 3D too....your best bet is to import.
A good setup (for your means) would be 720p + in-built 3D (given that its imp to you)
There are two basic types of projectors available in the market as of now: 3D capable and 3D supported (there are various terminologies going around)
Basically what (inbuilt) 3D capable means is that you don't need an external converter box like Optoma 3D-XL ($200+). So essentially, you just plug in your 3d blu-ray player or the PS3 and the projector will do 3D right away.
What Does "3D Ready" Mean?
Given that you have a fixed budget - your best best, in my opinion, would be go for the latest Benq MW519 - it's 3d capable, has a high contrast ratio, and does 720p)
BenQ Global | Products - Projectors - MW519
Other projectors that do 3D straight out of the box (closer to your budget) are:
Acer H5360BD
Optoma GT750 - though it will cost a lot to import
Benq above
plus there are more....
I ordered a Optoma GT750 (with a 2 yr- Optoma warranty) from Spain because i didn't know much about the Benq as its a new model - but I found some more info on the MW519, and it looks like a good way forward - the best part - its cheap but you WILL have to up the budget by around 10k.
If you click on 'other buying options ' on the amazon page - your grand total (including custom duties) will come to around 43-45k - or less on other sites (shop around) - check out Amazon UK too (use borderlinx or SNS to ship)
checkout different Amazon sites:
www.amazon.co.uk; .es; .de; .fr <----------on some items, I really found drastic differences in prices (maybe because of different overhead costs)
here's the Benq (also checkout Amazon.es)
http://www.amazon.de/BenQ-MW519-DLP...38AC/ref=sr_1_1?ie=UTF8&qid=1351158816&sr=8-1
Mind you, whatever price you see listed there, Amazon takes OFF the VAT because its being shipped OUTSIDE the country - so, you pay LESS - it tells you the grand total at the checkout page - so don't freak out by looking at the EURO pricing.
Other good projectors are Acer H5360 (not BD), Optoma H66 etc etc but then you'll have to buy an external box.
My advice:
1) Do your research........
2) Import it
3) Go ONCE
4) Go BIG
Meaning, importing will enable you to pick from a wider base - and get better specs
This will 'future-proof' you a little bit (though, there's no such thing in technology - lol)
Pay a little more - but pay for the RIGHT thing.
No point spending hard-earned $ on already obsolete technology
If you are looking at buying in India, there are many options:
Projector : Online Shopping in India - Buy Books, Mobiles, Cameras, Laptops, Watches, Apparels, Baby Care Products and Other Products Online at Flipkart.com
Lastly, and this is purely my personal opinion: Steer clear of eBay. it's your first projector; you're spending a lot; go with a reputed online retailer.