One possibility would be to swap the living room and the dining room. Since the current living room is larger than the current dining room you could still keep some comfortable seating (couch and upholstered chairs?) against the front wall for a keeping room/dining concept. Then your new dining areas (kitchen and dining room) and living areas (living and drawing room) would have good flow between them, which would work well both for family and entertaining. You could also add some builtin bookshelves in the drawing room or new living room to create a library area to add another fun element to the living areas. These bookshelves could be against the long walls in the drawing room, around the window with a window seat in the living room (former dining room), or built to create some separation in the open area between the drawing room and living room/stair area. Your plan seems to show some sort of builtin there, but I'm not sure what it is.

Vikrant, is the picture taken from the front of your Entry door? I love your style and pieces. Just a few suggestions if this is the view when you first step into the foyer, I am not an expert! Ganesh in the place of the mirror to greet you and your guests as Goddess Lakshmi is supposedly behind him, will create more prosperity to the household. A recessed focal light from the ceiling to highlight its beauty. Another silver empty frame placing behind Ganesh, similar to the mirror to frame the idol or a Rajasthani silver jali work piece that way the wall behind would not look empty either! The beautiful mirror can be placed where you have the Ganesh now, that way the positive energy coming into your house does not get bounced back or out...

OK... but the wire wont be lower as it is fixed now. The wire in the pics below is the wall facing each other. They were leveled on equal height but the beam on one wall makes it seem a little above. But i think you guys are absolutely right that up and down lights wont look good there. I think you are right about down lights lessismoore. Would it look good if i go with two different lights on opposite walls??? it would look odd right.

Perhaps a large round table might mean a rug is not at all necessary. It could be a metal tray table, or carved wood like Rebecca Mitchell Interiors illustrates. Ideas also to consider, using multiple tables can be found at http://www.houzz.com/multiple-coffee-tables. I also agree with comments above that some color is needed on the walls. You could then hang round mirrors, or an unusual curved shape like RMI shows above.