Please help me to select LCD or LED monitor within a budget of 12000

Hello to all, Guys Please help me to select LCD or LED monitor within a budget of 12000(500 more or less not matter). My basic purpose will be watching HD (720p) movies, songs and videos.

Guys i am quite confused help me to select best buy within my range as per my requirement and also confused that which is better screen LED or LCD.

Also want to know that I will connect my laptop with the LCD but my laptop does'nt have HDMI or DVI slot, so can i Play HD content with just VGA cable and if not can I connect my Laptop with DVI or HDMI thru any other way.

Thanx in Advance.