It sounds like you've got some big projects underway! There are so many options. I'd love to help if I can. What style are you going for?

Leather sofas can really dominate the room and can give an overall cold feeling. I would add some earthy elements, like a wood coffee table with glass or metal. Go to Restoration Hardware's website and look at their sofa room scenes. And I'm sorry I think the art is too harsh for the room. That's all your eye goes to in the room. too overpowering. I would look for something softer or maybe a cool mirror and I would add color to the room with pillows and some colorful lamps. I also think woven blinds would look great. They add warmth and give a finished look. The color of your window treatments should contrast your wall color a bit, not match it or else it starts to look generic and blah.. You have warm walls, warm floors and the woven blinds, like Hunter Douglas brand would pull it all together for you.

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.

Thank you. Point noted. I will remember that while we choose our decor so that i mix and match a little to break the monotony of the theme. I forgot to mention- there is one other reason why we settled for the no-false ceiling decision. I love the height of the ceiling and the ample natural light in the room. We did not want to cut off few inches by adding a false ceiling. We might add a portion of wooden ceiling perhaps if we feel that might be good, in future. But as of now is there no other option to make the room look complete, without the false ceiling I mean? Perhaps solid or textured paints-light reflecting colors on the ceiling or something like that... and getting back to the topic of false ceiling, are there options that can be added without reducing the height of the room? Because the two options that the designers gave me are wooden panels or POP wherein close to 1/2 feet is lost totally.