I think this piece is quite lovely. It appears that your couch and chairs have dark wood so I would be tempted to stain or paint the buffet to match these items. Changing the large modern handles to smaller antique ones might help to make it less bulky looking and tie in with the other items in your room.. I like the idea of putting a mirror in the upper door, however much as I like the criss cross effect in the sample pictures, adding more detail may conflict with the curves in your sofa and chairs. You could look for a decorative detail that has more subtle style. As for placement, it might go on the short wall where you have a bench or even on the wall where you have your table with two chairs, one on each side to balance the look.

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.

Manpreet, Congratulations on your new home! You can go with BWP ply with laminates. You are right in your choice of matt and glossy laminates for base and wall cabinets respectively. Without knowing your tastes, I am taking a chance to suggest you 14541 for base and 21187 MR+ from merino catalog. It looks good. Thanks, Nitin CORNERSTONE DESIGNS Bangalore.

@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.