Hey vasanth! 

Mahatma jyothi phule boys government hostel

Government colleges hostel 

Arma hostel qube stays

You can always opt for pgs too which can be found in near areas - 

Tardeo, charni road, kalbadevi, colaba etc.

But my personal suggestion would be to go for a flat, which you can share with your other friends and share the rent as well. 

You can find 1-2 bhk in decent areas like mahim, parel, sewri, kala chowki, matunga, Sion. 

Wish you all the best!