D-Link 2750u would be a good option for you - there are some very good reviews of the same & it fits well in your budget as well as covers all your requirements.
Since youre keen on a modem router combo the router rj27 mentioned seems nice. Else, browse through TP-Link stuff on eBay. Post back if you need more help.
Hi Munna Mishra, I also second rj27's choice. Search of flipkart etc for best price.I am using that router+modem since >1 month. It is fantastic. excellent range, should cover the 1500 Sqft very easily. I get great range in a house > 2000 sqft across floors, thick walls, built years ago.
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