Don’t use too many colours. From the colours you’ve provided,BM Chelsea Gray and Martha Stewart Glass of Milk should go together and look good on the contemporary design of the bungalow.Something like the following pic :- Pic courtesy (Pinterest)

If you will like to go little different than Indian / traditional one, mint green colour is in trend and goes well with brick colour walls. Looks good if you have white appliances, crockery and some other elements that are visible with it. (Sourced from google images) https://goo.gl/images/Wyu1kR

i agree with Ms. Rupal Shah as to get rid of the piece or redo it. If not you could probably use wallpaper to cover it. if not that even i have a suggestion for colour pallet. the wall opposite no. 3 should also be no. 3 and the wall opposite your green unit can have a custom wallpaper with shade 5, 4, and 2. you could also get a floral mural done in the same combination. Shade no. 1 (Sage) would be perfect for tufted head board for the bed. white bedsheets with large cushions in shade no. 5 (Burgundy) and shade no. 2 (rose pink) to top it off you could have some accessories such as: Dont forget to keep 1 or a few indoor plants too! Best of Luck, Purva Saksena (Architect)

I select these colours with the help of other houzzer and expert professional advice and discussion. I also got help from colour paint catalogue. Is it looking good or not? Is there any problem with these colours and their combination. Please guide me in this regard.