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Ok this is getting frustrating and weird, now I got a quotation for repairing from sony center of Rs. 24,500 (INR). They said they will have to change the motherboard, screen and battery. I have no issues whatsover with the screen and battery and they say that everything WILL have to be changed, that's really crazy. I have started losing trust and loyalty towards sony after this. It's crystal clear that there is no prob with the phone except for the network issue I mentioned. (HOW COULD IT BE WATER DAMAGE?). Time to move on from sony?
I'm sorry to hear that, if they already open the phone, perhaps they have pictures of the issue.