I have owned Ovations in the past and still own one but I would recommend getting a Takamine if you can get a decent one in your price range - you may get the Jasmine in the price range which is a low cost version of Takamine guitars.
The next best alternative should be Yamaha - they are really good sounding. I have never played a Fender acoustic so am unsure how it sounds.
In Mumbai - contact Ashish or Brijech of Bhargavas - tell them Vishal sent you - they know me from all my guitars and are good friends too!
Cheers! Post pics when/if you buy something soon!
Ibanez S540LTD, Gibson Les Paul Studio, Ovation SS, Digitech GNX4