On the flip side, we are in India. Why can't we have people in grey market, who are not used to online and Internet, sell BTC at such price. I mean, 7000 rupees is something for them for sure. He told me he doesn't have BTC at the moment, but he will get them soon and ring me up.

Said we could meet face to face as well, but then he has to travel to my place, and he would only if I confirm that I am going to buy.