Yes, flagship devices of the biggest of brands come with big price tags. These prices, though, are seen to decrease over time. Additionally, they typically provide better after-sales services, and sell via retail stores. Here's a list of smartphones by 'premium' brands, whose prices have considerably come down to make a much better value for money.
Samsung Galaxy S6
Launch Price: Rs. 49,990
Current Price: Rs. 37,000 approx
SoC: Exynos 7420
RAM: 3GB
Display: 5.1-inch, 2560x1440px
Storage: 32GB
Battery: 2550mAh
OS: Android Lollipop v5
iPhone 6 (64GB)
Launch Price: Rs. 62,500
Current Price: Rs. 51,000 (approx.)
SoC: Apple A8
RAM: 1GB
Display: 4.7-inch, 1334x750px
Storage: 64GB
Battery: 1810mAh
OS: iOS v8.4
Sony Xperia Z3
Launch Price: Rs. 55,990
Current Price: Rs. 36,000 (approx.)
SoC: Qualcomm Snapdragon 801
RAM: 3GB
Display: 5.2-inch, 1920x1080px
Storage: 32GB
Battery: 3100mAh
OS: Android Lollipop v5
Google Nexus 6
Launch Price: Rs. 50,000
Current Price: Rs. 34,000 (approx.)
SoC: Qualcomm Snapdragon 805
RAM: 3GB
Display: 5.96-inch, 2560x1440px
Storage: 32GB
Battery: 3220mAh
OS: Android Lollipop v5
Motorola Moto X (2nd gen)
Launch Price: Rs. 31,999
Current Price: Rs. 20,000 (approx.)
SoC: Qualcomm Snapdragon 801
RAM: 2GB
Display: 5.2-inch, 1920x1080px
Storage: 16GB
Battery: 2300mAh
OS: Android Lollipop v5
Sony Xperia Z3 Compact
Launch Price: Rs. 44,990
Current Price: Rs. 27,000 (approx.)
SoC: Qualcomm Snapdragon 801
RAM: 2GB
Display: 5.2-inch, 1280x720px
Storage: 16GB
Battery: 2600mAh
OS: Android Lollipop v5
Sony Xperia M4 Aqua
Launch Price: Rs. 24,990
Current Price: Rs. 17,000 (approx.)
SoC: Qualcomm Snapdragon 615
RAM: 2GB
Display: 5-inch, 1280x720px
Storage: 16GB
Battery: 2400mAh
OS: Android Lollipop v5
Samsung Galaxy E7
Launch Price: Rs. 23,000
Current Price: Rs. 16,000 (approx.)
SoC: Qualcomm Snapdragon 410
RAM: 2GB
Display: 5.5-inch, 1280x720px
Storage: 16GB
Battery: 2950mAh
OS: Android Kitkat v4.4
Samsung Galaxy Note 4
Launch Price: Rs. 58,300
Current Price: Rs. 40,000 (approx.)
SoC: Exynos 5433
RAM: 3GB
Display: 5.7-inch, 2560x1440px
Storage: 32GB
Battery: 3220mAh
OS: Android Lollipop v5
Nokia Lumia 830
Launch Price: Rs. 28,799
Current Price: Rs. 20,000 (approx.)
SoC: Qualcomm Snapdragon 400
RAM: 1GB
Display: 5-inch, 1280x720px
Storage: 16GB
Battery: 2200mAh
OS: Windows Phone 8.1