Backpacker Panda, Colaba

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If you’ve dreamt of living in the posh suburbs of SoBo but your bank balance isn’t really supporting your dreams, Backpacker Panda is here to rescue you. Stay in dorm rooms and enjoy the convenience of walking down to all your favourite places on your bucket-list (think Colaba Causeway, Gateway of India, Marine Drive, the works.)

Shell Out: INR 899 a night

P.S: They also have a branch in Andheri. Sign up and enjoy great deals and discounts on their website too.