@Desert Tortoise, you got to look at it with a different logic. First, Royal Enfield Continental GT comes with a thoroughly new and modern chassis designed by Harris Engineering England and other quality parts and paint job never seen on a Bullet.
Secondly, I would agree with your view point if I was in USA where Enfield Continental GT is priced at $ 6000 and Street 750 at$ 7500. Better engine one gets in Street.
But the scenario is totally opposite in India where Street 750 is around $ 7000 and Royal Enfield Continental GT with same specs as one available in USA is priced at just $ 3000!
Thirdly, if a $ 7000 bike comes with same vendors as available on a $ 3000 and some of the vendor base of former not matching upto the standards set in Latter for peanut of a price then comparisons are bound to happen. Especially if the price of consumables like Disc Pads and fork seals from Indian vendors is Harleyed.
You can understand the scenario when Harley asks $ 335 for a pair of MRF tyres available at its showroom when normally tyres from that brand are available for $ 60. All that for nylon tyres with no speed rating competing in price with Michelin Pilot range of tyre available for high end bikes.
Normal Bullets are available at far lesser price than Continental GT. Moreover in India we don't have roads where one can touch speeds 80-100 MPH. We are happy cruising at 70-80 Kmph because Indian roads and ever increasing population doesn't allow us to go faster.
This is different scenario and different logic. Just like air cooled Harleys enjoy a cult status in USA Enfield Bullet commands a Cult status in India.
It's India where Harley's are sometimes referred to as Glorified Bullets! Both pushrod thumpers with antiquated technologies but have been refined with time.