Any model of Hero Honda is worth your time and money. Of this I have no doubt. Take the new X-treme would be my advice.
However I would also like to draw your attention to the recently launched (23rd Oct) Suzuki GS150R. It has some lovely styling touches which are reminder of their 1000cc bike GSX. In addition, their smoothness is legendary and my personal experience with the Zeus tells me that it will be much more fuel efficient than the competion. Do have a look at it. Good luck with your purchase.
Ormaz