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So other than Wordpress and cart scripts is there any custom CMS based scripts available here?

Magento perhaps?

http://codecanyon.net/item/active-super-...?s_rank=10
http://codecanyon.net/item/online-store-...6?s_rank=8
http://codecanyon.net/item/eshop-ecommer...0?s_rank=9
http://codecanyon.net/item/ecom-cart-a-p...7?s_rank=1

Small Store Woocommerce
Medium Store PrestaShop
Large Store Magento

This is my opinion

I would advice you Magento! Perfect for ecommerce!

how safe is Magento? is it free ? is it opensource? can it be hacked ?

Try phpprobid already shared here.

Go with Magento and use vps

(04-03-2016 10:02 AM)ebxintl Wrote: [ -> ]Go with Magento and use vps

my budget is 10 to 12 dollars per year so suggest me a script that can run on this configuration. I cannot afford a vps

I go with woocommerce for several client project (200 - 1000) product..
for your references http://blog.aheadworks.com/2015/10/ecomm...he-market/