Need to setup lab.. suggest equipment

Thank you all for your kind reply.
I think I was not clear before, I am sorry for that.
Actually I need to know specific equipment name like I was looking for FLUKE 87v multimeter.
I know it is good multimeter what I wish to know from your experience is there any other better multimeter which I can get around this multimeter price?
Or take an oscilloscope for example I already have an very old phillips 20MHZ one but I wish to get technology of now.

I took this question to the community as I was confused which particular one to get. I have already seen so many reviews that got me confused which one to pick.
I am looking for a good multimeter. Should I pick Fluke 87v or there is something better now?
I am looking for an oscilloscope which is good, not so costly but will be helpful for general electronics use.
Looking for Power Supply unit. Is tenma any good? Please suggest me one good dual Power supply with good voltage and current range?

Also looking for function generator unit.

Might as well I am looking for good soldering unit with temperature control? I already have one but that is for BGA desoldering unit and have pin point soldering iron with temperature control. I am currently using 5$ soldering iron for general soldering. So suggest me one good soldering station.

Hi!

That's a really nice budget for equipment, but it won't provide much equipment if you're looking for stuff like a Fluke 87V. There was a video linked earlier by fmilburn that recommends spending $50 for a multimeter, and suggests some model (I can't recall which one). Such a recommendation sounds good I think. This isn't skimping, because modern $50 multimeters can be great.

Since each project can easily cost $100 in parts, it's maybe better to spend this money as you work on each of the projects you want to do (and do stuff like buy a pack of resistors, rather than just enough for the project), and choose the equipment to test them with - that equipment will last for other similar and different projects, and means you won't end up with a lab that doesn't get used.

Anyway, there's only about 3 essential tools - a soldering iron and multi-meter and power supply, possibly in that order. The video makes recommendations on these, but some stuff may be location-specific. For example, where I am, there are UK and European manufacturers for soldering irons and they are popular, but in the USA different manufacturer products are popular. What models are you considering? (in case people have experience of them).

You may be able to acquire cutters, screwdrivers etc from family or hand-me-downs - I'm fairly sure I didn't buy that sort of stuff for years, because homes have this for DIY anyway.

Along the lines of what Shabaz recommends... Don't worry about filling up your lab overnight.  Get the basics and buy the rest as your projects require them.

The $50 meter that Dave Jones recommends is an Extech EX330 which I own.  It is a good meter and I can recommend it although there may be others as good or better for the money.  He also recommends the Rigol 1052 (2 channel) oscilloscope - I recently purchased a used Rigol 1054 which is the four channel version and again no problem recommending it although there may be others as good.  I can't recommend the cheap power supply I have and am on the lookout for a dual supply myself - I am watching to see what Shabaz does with the Tenma supply he just bought :-).  I have a Hakko 888D which is a classic and works well but there are other models which some prefer.  Up until now I have used a microcontroller and parts to generate square and sine waves - no pressing need for anything more.  For the most my projects are not that demanding, I don't work with high voltages, and as Shabaz suggests I spend most of my money on the projects.

My AD9850 Frequency Generator Booster Pack design for the TI MSP430FR6989 with encoder adjustable frequency to 32 MHz generating a clean 7000 Hz sine wave .  Can't remember what it cost me to make but probably $10-$15 including the OSHPark  PCB.  Limited capability, but it was fun to make and for the most part has suited my needs..

My AD9850 Frequency Generator Booster Pack design for the TI MSP430FR6989 with encoder adjustable frequency to 32 MHz generating a clean 7000 Hz sine wave .  Can't remember what it cost me to make but probably $10-$15 including the OSHPark  PCB.  Limited capability, but it was fun to make and for the most part has suited my needs..