Hi Gandhar WELCOME TO INDIANCYCLIST JOIN EVENTS & ENJOY GREENERY CYCLING KEEPS BODY FIT & HEALTHY. I RETURNED FROM SRI LANKA CYCLE EXPEDITION ON 19th MARCH STARTED FROM 27th FEB 2011 PLZZ GIVE U R CELL NO.
to be frank with you, your bike looks fine. any geared bike in the budget is not good. so good old bike is fine. get it overhauled. racer bike is light and can cover distance fast. so hero racer or atlas racer or racer of any other make is good enough.