@mhatres, Consider yourself lucky today. I had a student designer who wanted to see how a design can be made with a little information. I took your floorplan for an example and made these designs for you. Hope you liked them!

I think I am certainly quite late to reply on this post but nevertheless will put my suggestions here. Go for 2 loveseats in a light/neutral colour against the 7 ft and 15 ft wall. Opposite the 15 ft wall you could put a nice upholstered bench in contrast/printed fabric. Also for a warm glow put a nice standing lamp in the corner between both sofas. You can place a nice mirror on the TV wall and put a nice shelf beneath it and place a lamp there with few knick knacks if the door opens outside in the balcony or is sliding. Also, keep two upholstered ottomans below the mirror which can be pulled for extra seating when required. Place a low height coffee table small one like a 2x2 ft.

Following will be costly and my mobile editing is not so good(bear with me Main door, change to double panel. Opening inside(current left side opening from outside is no good). Kitchen door... to open outside. Single/double panel?(your choice as per ground reality) Move sofa+tv accordingly. You see ppl outside your main door. Anyone walking outside dont see your TV Demolish full wall separating dining/kitchen. Demolish half wall separating drawing room/kitchen. Move fridge to that half wall(its marked €). TV side of wall can be made a feature wall with differentiating painting or wallpaper that may carry on to TV.. upto main door. Move stove(NW kitchen, so cook facing west, vastu). Small stove area, but functional. If there is money, design n replace the dining table to serve dual purpose.. a kitchen island++dining table and lit up with nice dropping lighting.

Hello Lavanya, How old is the kid? You can surely place the study table for the laptop near the balcony . You can opt for sliding door wardrobe to save some space on the other end.