I like second plan! That space will fit the wardrobe perfectly. Take all colors from the art. The colors can be lighter or darker than the colors you see in art. Take "Venice" with you to paint store and they might be able to help you choose good colors. Idea: paint four walls the same and see if you like that. If you feel the room lacks interest, then paint the accent wall. Choose a pale green that harmonizes with "Venice" and a darker green accent. Yellow + red accent White + blue accent

Ashish, The workmanship seems to be an issue with your stone cladding wall. Interlock joints are visible and dirty. This needs to be thoroughly cleaned and grey cement will need color touch ups. Some people go for a lacquer polish to enhance the look of the stones. However, it is equally repulsive for some people who like natural finish. Get a sample stone done first and then decide for the entire wall. It appears to be sandstone, hence it is better if it is coated with lacquer. Thanks, Nitin CORNERSTONE DESIGNS, Bangalore

I think you can opt for yellow, TV areas..... but do circle the door... DB area wall paper would be a good idea...

you can have beige texture wall to highlight area similar to this image