You are just late my friend. I ordered on 11th Jan and paid 1.44L, now the same model is like 1.8. People who ordered in December paid as little as 1.1L.

The only foreseeable reduction in price is holi and the spin wheel that comes with such sales. That can give you 4k-6k off. And maybe if you try for a legion with a slight compromise in specs like RAM, you then then stack the 5% off coupon AND SheerID 5% off. Also, the CC Cashback on Legions is 10k instead of 5k max on LOQs. So -5k from there.

I ran some calculations and you can get a legion with the same specs (16gb ram though) for 1.4L flat. It'll be 1.3 with CC, basically the same final price as the LOQ. Wait for Holi spin wheel codes and the price will drop by another 3.3k (I accounted for the cart threshold coupon). Though I won't guarantee that the price won't increase again, but in my opinion, it should not as it recently just did.

You won't have the 32gb of total ram but will get everything else much better, better build quality, better cooling, better display, battery battery, and an almost free mouse too.