Just to clarify, you have presented 3 versions. I believe the consensus is the original version with the wood grain ( linen grain) cabinetry works the best and is most updated. The only thing that is out of place are the cabinets or "shelves" on both sides of the range hood. If this is what you need to find a solution too. I would suggest only experimenting with rendering options for these two cabinets( or shelves). This cabinet ties in all the other hard surfaces. The white is not working. It just adds another element. The black is a little dated.

You could also bring in some texture with bamboo sticks or decorative branches and help balance a bit the height of your room with small scale furniture. Spray paint them if you find the perfect size and shape but they aren't the color that you need. Ikea carries white decorative stalks for a very good price. the ones in the 1st picture hold well with small kids around and you don't need a vase for them. there are washi paper or crinkly paper floor lamps with a soft beautifully diffused glow For a budget friendly version check ikea or target http://www.ikea.com/us/en/catalog/products/80028552/

One of my favorite new contemporary pieces that can be found on the Dutchcrafters website is this great buffet. The black would really pop against that lovely red color! The buffet can be found here: http://www.dutchcrafters.com/Amish-Contemporary-Carson-Buffet/p/45833

HI RinaI do agree I love jewelbox rooms, but I consider them more cosy ... and with a grey marble floor it goes all Versace Italianate! I am trying to balance the colours by bringing in a pattern on the covers rather than plain. I feel this will bring colour without overpowering the room. In the pictures I showed above, the rooms are basically neutral but the colour is brought in via pattern - I think this might be the way to go...Ideally a green or blue on a subdued grey would be the best, but I dont know what the market is like for Sumit...Cushions can do a lot to tie in the other white/grey elements.Shelley - navy is a good suggestion, but as Sumits area is quite tall and thin, trying to keep the general area light Any more suggestions most welcome. These are just ideas after all and Sumit will choose what works for the room in the end ;-)