I have to say that I did have doubts before my holiday. I'm used to 5 star luxury in the Far East( paying 2 star UK prices

) It was a thought to book a hotel in Goa. However, I have to say, the more basic accomodation made no difference at all to the enjoyment of the holiday.
Don't get me wrong- I still like luxury but it doesn't seem to matter in Goa!
Back to your query- we did go luxuryish in Mumbai and can recommend the
Fariyas.(pease note we had NOT booked the suite but got an upgrade!)