Hi Ankur,
I suggest you to take a Bunkstay which is at the backside of Laxman Jhula. Its awesome and have a good view of rishikesh from top. Book directly through reception, it may cost 500Rs/ night with complimentary breakfast.
I give 5 out of 5 to it .
Enjoy your stay :-)
If you are comfortable than go to Jai Ram ashram 👌 you will get amazing view from the room of ashram .... you can check my last photo blog about Rishikesh .... in that 1 picture that I've clicked from the gate of jai Ram ashram 👌....and the rates are also very reasonable