Option 4. I would not have more than 2 different cabinet finishes. Darker, grounded look for the base and island, with lighter, airier look for the uppers would balance the room.

Don’t use too many colours. From the colours you’ve provided,BM Chelsea Gray and Martha Stewart Glass of Milk should go together and look good on the contemporary design of the bungalow.Something like the following pic :- Pic courtesy (Pinterest)

Hi Santosh, Considering the compact room size you may opt for a folding bed. You can combine this with some traditional hanging elements like a wall painting with intricate carving details, traditional window treatments/panelling. For the wardrobe go for lighter tones with glossy finishes either in laminate or glass shutters to retain the natural light source coming in. For the curtains you may opt for a combination of sheer and blackout curtains. You may check our houzz page for references, Regards

Hi Please share your requirements. With more photos and budget. And also type of colours you like or want for your building