Yes Shivam, panelling with ply wood is possible. Usually people prefer gypsum board for the ceiling for the cost and design advantage. Thanks Nitin Cornerstone Designs Bangalore

sararahim123 What constitutes an adequate illumination level varies from person to person. What exactly do you require illuminated? If its simply ambient light you would have tiny lights as shown that throw light on the stairs itself. If a bit more is required you could consider adding a railing with a light under. If general illumination is what you are going after, but in a muted way, would suggest wall scones that throw light upwards onto the ceiling, diffusing the light.

Cornerstone Design, Thanks for your response. The electrician and false ceiling folks I've engaged are very competent, and are going to take care of installing the ceiling fans (of any type or kind I buy). My only task is to find and procure appropriate fans. Regarding the loss of about 10" due to the false ceiling: I only did a simple rectangular tray drop design for lights (approx 4-6"); however, the original ceiling was not straight, and approx 2-3" extra went in straightening it at the tray edges. Since the ceiling seems (perceived) low, I do not want to make it look lower visually. I am looking for fans that will be as close as possible to the false-ceiling without effecting its sweep functionality or energy efficiency. Any suggestions on where I can get good ceiling fans in Bangalore (all brands and varieties under one roof)? I would also like to see/consider the options you've mentioned (special fan like flush fan or ceiling swing fans). Where can I see/procure these in Bangalore? Thanks!

Hello Teja, for the luxurious look add wood with polish and pop to balance it . Select some drop lights in one of the corners, indirect or hidden Led lights and some spot lights and its done.