Well, like I said already, I cannot buy a speaker of Rs 2,500 from Philips, but I can buy a headphone of Rs 3,700 from Philips.
My friend works in Planet M here so I went there & checked the Philips HiFi SHP8900 headphones for Rs 3,700. They were on the higher side compared to my old Philips HM2500 headphones for Rs 1,000 but these are much better in audio reproduction even at only 40% volume. They have noise cancellation & have dual detachable cord made of rubber. They are very comfortable to wear...& I have a to say, I am not an Audiophile but they rock.....
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So that leaves 2 more things to buy, a good keyboard which I might not need to buy at all if Digital Media Pro keyboard is good enough for me, else Digital Media 3000 keyboard as soon as it hits the market here. Then LCD Monitor.