Room size ?
Speaker type ( FS or bookshelf ) ? Separate or package
What is your room size? There are some threads already on this topic, browsing them will give you some ideas.
Here they are > http://www.hifivision.com/home-theatre-projectors-screens/40371-setting-up-new-home-theater-below-1-lakh.html
http://www.hifivision.com/speakers/14006-5-1-home-theatre-speakers-under-1-lakh.html
http://www.hifivision.com/home-theater/35635-advice-regarding-home-theatre-setup-budget-1-lakh-plz-help-guys.html
http://www.hifivision.com/home-theater/15808-home-theater-budget-one-lakh-inr-no-more.html
Here, you can use this website for comparing and shortlisting speakers > India's audio video home theatre and hi-fi shopping mart
20 x 10 then consider FS ( if ur crazy abt it).Room size is 200 sq.ft. FS preferred. Separate if possible in this budget.
THanks Jice.
1 lac can be good budget for better AVR + speakers,need extra for Projector.Else need to compromise on AVR.