It all comes down to BUDGET. We can suggest some other feature rich phones along with what you said, if we know the budget.I forgot to mention some of the other requirements -
Dual sim, Good speaker quality
Arnab --> It's a very good option in your budget. Also, have a look here.nokia asha 206 is good in your range.
@doom2010 - Samsung metro duos C3352 also comes with 2 MP camera at a lower price. So why not this phone?