Speakers for Marantz Sr7012

You can also look at the KEF R300 (around Rs.1Lakh). These speakers are better than the Monitor Audio Gold series speakers(my personal openion). for centre channel, you can consider the KEF R200C. Also dont forget to invest well on subwoofers if Hometheatre is your priority. For music you may not need a sub, if you go for the R300.
Rythmik & PSB SS300 are good value for money and they perform extremely well. If you are willing to spend more than 1lakh on sub then dont forget to look into the PAS subs available with SURROUNDSWAR. PSA Subs are known for their great mid bass punch (The Hit on the Chest effect) and they dig deep too.
 
Since you are not wanting floor standing speakers then do consider onwall options, like the Dali opticon LCR I have listed for sale. Subwoofer you can select from a wide variety to go with them.
 
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