Hi I think Hurghada would be your best bet as you will definately get something decent for your budget,do you not have to stay in India for 6 Months then go out and come back before you can buy?,unless youre a national.Go to Hurghada have a good look then make up your mind after all £50k is £50k,I dont think you will be dissaponted i think a pleasant surprise awaits you.GOOD LUCK