Thankyou so much for your ideas. I was also thinking of sticking a graphic film on these...can you please guide if it would be correct to do it.and if yes, what would be good. Thankyou once again for the prompt reply.

Hi Vijaya, you could use some panelling with interesting inlay or play around with colors once you decide your tv and home theater. I suggest you have ledge or some storage underneath where ur sub woofer and DVD players can be placed. Make sure they have ample power points. Remember to keep them ventilated as most of them tend to get heated. You could use the same ledge to place ur laptop on the extreme end and place cushions or puffins to double as extra sitting. The adjacent wall is a great place to convert into a library. If you have any chair in that area it may block the entrance. Cheers.

So sorry.....I see the dimensions on your floor plan now....oops. It was middle of night here. You have a great place with lots of options. I will try to find a picture for you, but here is what I would try. TV on left wall. Put it on a console table 20" to 30" high, or wall mounted with a wall mounted console below. TV should not be too high or too low for viewing pleasure. The main walkway to the balcony will be on left side in front of TV. To see how the arrangement feels, Try your sofa on the right wall facing the TV. Then put one of the chairs in front of the sofa with its back to the glass and the other opposite of it with the back to your entry. If you feel this arrangement is too far from the TV, a sofa table can be used behind the sofa to move the whole seating arrangement forward. Then if this feels good, you can add a rug. The rug should be at least big enough that the front feet of the furniture can rest on it. You will then need tables on the sides of your sofa. You have the choice of a coffee table or what is called "cocktail ottoman" which you can put a tray for drinks and food on, but still put your feet up. That is always nice when watching TV. If you like this arrangement and go to buy new furniture pieces,get the chairs on each side of the sofa that swivel so the person can watch TV easily. You need to think a lot about what colors you will use in this houses if any rooms are done, take some cues there. It's a big decision that will influence every purchase. Find a 3 color combo that appeals to you. Again look on Houzz at the living room pictures. Post some here that you like.

For the dining room, I think I'd orient the table 90 degrees from how it's drawn, and I would make it a drop leaf or gateleg table so that it can be made smaller when not being used for dining. I would embrace the idea that the entry is right in the middle of the living room, and bring the living room furniture out towards the fireplace so the fireplace is connected to the seating area. Maybe TV above fireplace. In that back corner where the sofa is drawn, I'd make that a small work/office space.