the back wall panels look like ikea besta doors. the hanging cabinet could also be besta boxes, but with customized doors. the console in front of it, you could get a similar look by using a malm console table and cutting it to height. from there you'd want to use a couple of besta cabinets to create the closed off storage. the low bench could be made with plywood and then stained or painted to match the finish of the malm/besta combo you choose. besta cabinets :: http://www.ikea.com/us/en/catalog/categories/departments/living_room/11794/ malm console table :: http://www.ikea.com/us/en/catalog/products/80196480/

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 ;-)

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.

@Cornerstone design studio: Apologies for making big post; thought that more info will help. @Rupal ji, If it sounds like I dont need any changes; my apologies for that. Let me put it in short,"I am looking for options that give modern facilities without leaving good things from old charm/ comforts. " Thanks for the straight forward comments. I shall try to edit my original post to make it simpler and that looks open to new ideas.