I agree whole heartedly. I also agree on starting with the bed. The bed should be the "hero" of the room. Night stands are always needed, but even they do not need to match. Then figure out exactly what you NEED for storage in the bedroom. There is no rule that you have to own a dresser if you store all of your clothes in the closet. Will you have a TV in the room? How do you plan to view it? From a sitting area, in bed? A sideboard with storage or a media center may be a better choice for you. Do you have a seating area, or at least a chair you can sit on and tie youe shoes or put on socks. Buy furniture for your specific needs, buy the best quality for the work horse pieces you can afford. Don't forget lighting, and a mirror of some sort. Look at the photos of Master Bedrooms here on Houzz, you'll get an inspiration for mixing and maybe land on a style that appeals to you. Fall in love with a piece, the green tags show you where they came from, or ask the question. Have Fun!!

Even tell me if i can put any extra divider in between the bed and bathroom, if i keep my bed on the east wall .

Pankaj, I just realized that initially you told us that the bathroom area was 12'-0" x 9'-0" and later you mentioned that it was 11'-8" x 8'-0". In the last floor plan, I forgot to change the bathroom with the new dimensions. Below is the floor plan with the correct dimensions for the bathroom. The bedroom is ok, I drew it 19'-2" x 12'-6". The new layout does not change the way things are placed. Everything still fit. The only difference is that the vanity is now 4'-4" long instead of 4'-8". and the toilet is closer to the shower by 1'-0". Can you give me the lengths of the walls K and L. They are the walls between the vanity and the shower area. I will send you the new layout once you give me the length of these 2 walls.

The above is really the best layout for your bed and you could add a bench at the bottom. If you want to make it different, if it fits, you could try bed across the corner on the right. You can achieve a unique bedroom by its decor though and place furnitire where it works best for circulation. In regards to the sitting area, given the narrow space, if it's wide enough try a love seat across from bookcases/including tv and fill shelves with great accessories. Use wallpaper for added interest in either room.