Hi Pradeep,
1.6 lakh is a decent budget and since your major use will be for music we will try to build a system that is more oriented to music with decent movie performance. You got to split the budget into 60-40 for speaker /amp.
Your best bet for music is a stereo amp.. but there are many others AVRs which are pretty good with music e.g marantz, Arcam, NAD. at your budget best VFM would be marantz SR 5009
The Marantz SR5009 is loaded with almost every feature you might want. Eight HDMI 2.0 inputs are available (including one on the front panel), as well as two outputs (both for the main zone). Video upscaling is on board for both analog and HDMI sources, all the way up to 4K/30Hz resolution.Wireless networking is included, as is Apple Airplay, DLNA 1.5, Spotify Connect, Flickr, and vTuner internet radio. Gapless playback is supported, as is a wide variety of file formats, including MP3, WAV, AAC, WMA, AIFF, FLAC 192kHz/24bit, DSD, and ALAC. In addition, Marantzs remote app is available for iOS and Android devices. 100watts of power will give you sufficient dynamics for music and movies
You need to check prices in your area (where are you based??)