@anudantuluri: 5x
WaveCrest HVL-1 would work with wall brackets since they're front-ported. Add an
RSL Speedwoofer 10s to complete the 5.1 combo.
Alternate package:
Ascend Acoustics CMT-340 SE left, right, and center. Wait and buy the surrounds later, or stretch your budget a bit for a pair of
Fluance AVBP2 surrounds.
Monoprice 9723 subwoofer for now until you get a bigger place.
Or if you're near a GoldenEar dealer, you might check what a
5.1 SuperSat combo would cost you. Probably not as good a value as the Internet Direct options above, but the options above aren't satellites either.