The best replacement for fazer is r15.

The best alternatives to fazer are rated as following:
★★★★★  r15
★★★★  bandit
★★★★  pulsar 220
★★★★  fzs
★★★  pulsar 180
★★★  karizma
★★★  pulsar 150
★★★  hornet
★★  apache
★★  fz16
★★  hazer
★★  fz
★★  fz which is better
★  cbr 150
★  pulsar
★  zmr
★  avenger
★  hunk
★  twister
★  karizma zmr
★  karizma r
★  apache 180
  dazzler
  cbz
  yamaha r15
  diversion
  200ns
  pulsar 200 ns
  cbz xtreme

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Speaking about fazer, one probably shouldn't forget about tulisa.

Other search terms related to fazer and their ratings are:
★★★★★ tulisa
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Google Trends

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fazer
r15
bandit