Hi,
This is my first post & I am completely new to this hobby. I am following this forum from quite sometime.To start with,I am making CopterX 450AEv2 Heli with hobbyking parts . The parts list is as follows:-

1.   CopterXCx 450AE V2 Kit
2.   Hobby King 401B Avcs Digital Head lock Gyro
3.   Turnigy Typhoon 450H heli motor 3550Kv x2
4.   HXT900 micro servo x3
5.   Turnigy plush 40amp speed controller
6.   part F050
7.   Turnigy DS480 Digital servo for tail
8.   Zippy Flightmax 2200mah 3sip
9.   carbon fibre blades
10.   Turnigy Accucel-6 50w 5A Balancer/charger & IMAX Power supply
11.   Ball link pliers
12.   Micro Heli pitch gauge
13.   some connecters & some spares etc etc
Anything else I need?
Also I need your help in selecting a good Transmitter & receiver for this Heli from some Indian hobby store. My budget is approx Rs 12000.
Thanks in advance for your suggestions.
Regards
Gurvinder singh

If you are beginning, save your carbon fiber (CF) blades, and go for cheaper wooden ones.

Get some semi-permanent thread-lock glue.  Consider the fact that you may lose your servo gears in crashes.

As far as radio is concerned, there are lots of choices in that price range, checkout local stores like RCDhamaka, IndianHobbies, RCForall, Rotor etc (just to name a few, there are more in our mega list at http://www.rcindia.org/rc-outlets-and-resellers/mega-list-of-all-rc-outlets-in-india/)

A good set of Hex drivers with 5.5mm socket hex nut key

Thanks Anwar & Heliflyer for your suggestions…BTW what’s your opinion about Spektrum DX6i Radio for CopterX450AE v2 Heli…or is there any better option available in that price range?

Dx6i is a very good radio however only has 6 channels you can get 8 channel radio in the same / less price check out walkera E2081 or its WK2801 don't remember but check it out really nice radio being used by a fellow flyer Lavneet here in Gurgaon has all the features of a Spectrum DX7

Hellyflyer

Airtronics 8channel is a good choice at similar price range.  And there are more cost effective radios coming up from the Airtronics line in the near future. 

A life time radio for a heli flyer needs 7 channels (the 7th one for governor on nitro helis).  But for your CopterX type of use, any 6 channel with CCPM mixing should suffice.

Entirely a matter of personal choice, finally !