Check for herocycles fast & furious Range and also hercules cycles if you are looking for a bike with front & rear shox would find it in your budget.. but make sure u check the frame size as it may be small in size the image shown on the website and the original bike would be different.. you can get all sorts of bike in dombivali but they would be a bit costly due to octry..
rear shox are only usefull where the roads are not good or on dirt track or else without rear shox also things would work fine.. but now a days the roads in Dombivali has becoming bad to worst so i am happy with the rear shox :)
If you want to purchase a good bike then always go for an Alloy or Aluminum frame cycles they are really very light in weight and are comfortable for long rides. Check this link for Hero Thunder MTB it is of complete Aluminum with Aluminum FRAME , HANDLE, MUDGUARDS, WHEELS, CHAIN WHEEL & CRANK it would cost around 7,500 with 21speed gear http://www.herocycles.com/boyz.php
when i purchased the cycle i was not aware of all this different models and i purchase the Hercules ACT 106 which is made up of Alloy + Steal which is not too light weight.. Note my mobile no 9324244055 would like to meet you with your new bike