>Could someone please provide the information about 7.0 version which we are planning to buy.

Here you go.
http://msdn.microsoft.com/library/default.asp?url=/library/en-us/fox7help/html/foconintellisenseinvisualfoxpro.asp

>Is the anyhelp like if i have any control say text1 on my form when i am coding if i type thisform. (does 7.0 has the capability to show what are the controls and all the properties related to that form in a popup menu just like visual basic)

Yes, and it goes even further. Intellisense in VFP extends to COM (including automation) and to web services.