You have to watch the prices that PCPartPicker pulls from Amazon, they are more often wrong than right. I took your build and put the correct pricing in there, added a case which was missed and changed the PSU (to a better one) as the Corsair was not available from Amazon and therefore the cost wasn't being added to the total. You can see the price jumped up by ₹12000.
Frankly an i5 build might be out of this budget range. In the build below there is no OS and no Wifi connection capability (Wifi card). This will likely add at least another ₹10000. If the 50K budget is for everything then I think you will be looking at a Pentium G4560 build. Not as bad as it sounds, I think it is the best price to performance CPU on the market today, almost as fast as an i3-7100. Had to drop down to the 1050Ti again. Also,FYI, dual channel RAM really should be bought in pairs so it can be run in dual channel mode.
http://cpu.userbenchmark.com/Compare/Intel-Core-i3-7100-vs-Intel-Pentium-G4560/3891vs3892
i5-7600K Build
PCPartPicker part list:
https://in.pcpartpicker.com/list/PwBKLD
Price breakdown by merchant: https://in.pcpartpicker.com/list/PwBKLD/by_merchant/
CPU: Intel - Core i5-7600K 3.8GHz Quad-Core Processor (₹20890.00)
CPU Cooler: Cooler Master - Hyper 103 43.1 CFM CPU Cooler (₹2183.00 @ Amazon India)
Motherboard: MSI - B250M MORTAR Micro ATX LGA1151 Motherboard (₹6828.00)
Memory: Corsair - 8GB (1 x 8GB) DDR4-2133 Memory (₹4799.00)
Storage: Seagate - BarraCuda 1TB 3.5" 7200RPM Internal Hard Drive (₹3399.00)
Video Card: MSI - GeForce GTX 1060 6GB 6GB GT OCV1 Video Card (₹19906.00)
Case: Corsair - 100R ATX Mid Tower Case (₹3498.00)
Power Supply: Antec - 450W ATX Power Supply (₹3433.00 @ Amazon India)
Optical Drive: LG - GH24NSB0 DVD/CD Writer (₹1099.00 @ Amazon India)
Total: ₹66035.00
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2017-05-12 19:36 IST+0530
G4560 Build
PCPartPicker part list:
https://in.pcpartpicker.com/list/Mmcwnn
Price breakdown by merchant: https://in.pcpartpicker.com/list/Mmcwnn/by_merchant/
CPU: Intel - Pentium G4560 3.5GHz Dual-Core Processor (₹4999.00 @ Amazon India)
Motherboard: MSI - B250M MORTAR Micro ATX LGA1151 Motherboard (₹6823.00)
Memory: Crucial - Ballistix Sport LT 8GB (2 x 4GB) DDR4-2400 Memory (₹5110.00)
Storage: Seagate - BarraCuda 1TB 3.5" 7200RPM Internal Hard Drive (₹3399.00)
Video Card: MSI - GeForce GTX 1050 Ti 4GB Video Card (₹10160.61 @ Amazon India)
Case: Corsair - 100R ATX Mid Tower Case (₹3498.00)
Power Supply: Antec - 450W ATX Power Supply (₹3433.00 @ Amazon India)
Optical Drive: LG - GH24NSB0 DVD/CD Writer (₹1099.00 @ Amazon India)
Operating System: Microsoft - Windows 10 Home Full - USB 32/64-bit (₹8039.00)
Wireless Network Adapter: Asus - PCE-AC55BT PCI-Express x1 802.11a/b/g/n/ac Wi-Fi Adapter (₹4233.00 @ Amazon India)
Total: ₹50793.61
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2017-05-13 00:49 IST+0530