go to a lighting show room, take pictures of the space and any ideas you have. They are best suited to help you. also have a budget. the how to part is nice but most consumers have no idea that the pendants above are probably 300.00 each. Budget for lighting! take advantage of the pro's in the lighting world, its all we do!

Hi Rishab, You can avoid creating 4" false ceiling and create 1.5 / 2" false ceilings just to let the wires hide and run within the false ceiling. I will not recommend conduits or exposee ceiling unless you wish to do a rustic interior design. You can go for Surface mounted lights and track lights. They are beautiful and are available in different shapes and sizes too.

I would like to add the floor will be Mahogany Color Wood Look Tile.Very dark.

pendant lights looks nice only if place above a table like a breakfast nook or island. hanging them freely does not complement their look. since there is no island under the ceiling try to embed recessed lights in the ceiling. alternatively track lights will also look great if you need brightness.