Good hotels in Mumbai in budget category i.e. room rent < Rs1500 per day?

Answer 1

Here's one that might suit you:
http://www.bentleyshotel.com/mumbaibusinessdistrict.htm

Use your browser to try to find the hotels' own web sites of the ones listed on this page: http://www.travellerspoint.com/budget-hotels-en-ci-833.html

or this one: http://www.iloveindia.com/hotelsinindia/mumbai-hotels/2-star-hotels-mumbai.html

Hope that helps!

Answer 2

These links give information on cheap hotels and bed and breakfasts in Mumbai. According to Currency Calculator, you want to spend about $32.15 per night, which is VERY cheap for hotels in Mumbai.

http://www.hotelsmumbaiindia.com/hotel-white-pearl.html
http://www.hotelsmumbaiindia.com/
Click on the link of the hotel or apartment you want for more information.
Good luck!