I think the yellow and grey might bring out the gold-ish-ness of the couch.. I'd try to go with more blue colors.. Maybe some navy pillows and a rug with the blue in it as well. The curtains, that ying-yang rug, and the lilac rug just gotta go.. They're dwarfing all the sophistication this room will be able to have with that tile floor and those big beautiful windows. I love the dining room chairs!

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.

Hello Paridhi, Please see the idea book in our profile. There are couple of pics tagged for you. Check out this ideabook from houzz - https://ml.houzz.com/AzGf/xsuroZSpRG Thanks Nitin Cornerstone Designs Bangalore

I have some suggestions if you are thinking budget friendly changes. Make a photo gallery with different size frames and arrange them parallel to the stairs, so you can enjoy each photo as you climb up. And for the area that will be on a level with your upper floor, try some pretty decal that will connect the photo gallery to upper level. And last, if you have budget add some beautiful hanging lights in the stairwell. Also think about repositioning your refrigerator.