I found it quite hard to find affordable accomodation in a central location in Mumbai but thank God I came across Hotel Lawrence! I would have easily paid more that 500rupees for this hostel. Room was spotless. Fan in the room. Clean (shared) bathroom. Friendly and helpful staff. And substantial breakfast. I would definitely stay here again if I were backpacking in Mumbai. It's so close to all of the main sights, nice restaurants and market stalls. Once I was pointed in the right direction when I arrived there late at night (it's very hard to find esp. in the dark) and once I got over the shock of homeless people and dogs at the entrance to the building, I enjoyed my stay in Hotel Lawrence. Definitely one of Mumbai's best kept secrets.