Thanks @newrider and @rishabh for your suggestions. After your suggestions I asked some more of my friends. And in result I got one nice deal I guess. One of my friend's friend is selling his 2 yr old Karizma ZMR for 70K. Distance run is 13k+ and all documents cleared. Is this bike a good VFM or I should ask for little less price or I shouldn't consider buying it.

Also p200 ns is out of my budget range. On road price in Siliguri, Kolkata is close to 120k+. Or else I wouldn't have second guessed it taking without considering the bike height.

Please suggest for second hand Karizma Zmr.

Thanks and Cheers..

ZMR is a great option at the price you are getting. It is very comfortable for touring, has decent power and is maintenance free. But considering your height, I am not sure if it will suit you.
Take a loongish test drive to see if it feels ok.

P200NS at 120K+!!! In Pune the on road is about 95K. How come so much difference?

Karizma zmr for 70 k is a good deal but fuel economy will be on the lower side . Since 200ns is out and you are considering zmr so unicorn won't satisfy you. In my opinion its better to go for a brand new apache rtr 180 abs. It has better brakes and handling than karizma and fuel economy is good too plus it has got abs. Lastly, if you love fairing then zmr is the way to go otherwise rtr 180 is a better option.

Consider the karizma r, it will suit all your needs apart from the fuel efficiency... Gives around 30-35kmpl. P220 is a good deal too but would be a bit heavy for you i suppose and pillion comfort isnt very good. Then there is the pulsar 180.. good bike but seems out of context these days. Fz and fazer are great bikes but are a bit underpowered for their price point.

Honda bikes are good but its better to go with an hero extreme. The only down side of the extreme being the lack of monoshock. Upside being the vast hero service network and availability of spares.

Wonder how my p220 has lasted 70,000 kms and my classic p180 lasted for 1,20,000 kms.

Since it is your first bike, I feel that Fz is what you should go for. It's well built for the streets and has good handling. And the fact that it accelerates in a controlled manner is actually good for newbies.
A P200NS would be a bit more, if not a lot of power to handle at times. So I won't recommend the NS.
The Karizma ZMR is a very good tourer. But it being a big bike, is difficult to maneuver in traffics, u-turns, tight parking spots.. So that also I would not recommend.
Second thoughts.. Honda has come up with a cousin for the Fz. It's the Trigger. It offers everything that the Fz has. Shaddle height is also low. It has a smoother engine than the Fz and offers rear disc brakes too. But its a little bit low on power and a bit more on pricing as compared to Fz. You may test ride that too.
Third thoughts.. TVS apache. Its light and sporty. Power is definitely better than Fz/Trigger. It handles good and is a good bike overall.

In order of preference considering all your needs..
1. Fz (best match for you)
2. Trigger (is almost same as Fz)
3. Apache RTR 160 (a better performer)

Have test rides. And do post what you finally decide.

P.S.: I missed the fact that you had chosen Fazer, not Fz. Noticed it after I made my suggestions. Anyways, Fazer and Fz have everything is common except the front fairing.

I would recommend that you go for Apache RTR 180 ABS.. The ABS is a life saver..Its definitely worth the extra money.. The bike does meet all your requirements, its powerful & fuel efficient as well (42 kmpl +, city & highway)..
But the RTR is NOT a perfect bike,it does come with a few "traits" & problems.. A good mechanic can ensure that an RTR is good as new..