This is wonderful how you opened the stairs - you get a real sense of the architecture and it brings in more light. I applaud what you have accomplished. I'm going to assume that the wall above is patched with quickcrete and the whole thing is painted (try to get the wall beyond under the stair too). If you have / want a flat screen, you might mount a swing arm wall mount for a flat panel television on the vertical wall element remaining on the right - just about 3' - 3 1/2' (around 1 meter) above the floor so that it is eye level when you are sitting. The swing arm support will allow you to tilt the television away from the wall ever so slightly across the nearby corner. This can help to eliminate glare from the nearby window and make it possible for more people in the room to view it / expand your seating possibilities. I reference something like http://www.cdw.com/shop/products/Chief-Thinstall-TS318SU-Medium-Dual-Swing-Arm-Wall-Mount-18in-Extension/2555661.aspx?cm_mmc=ShoppingFeeds-_-GoogleBase-_-Video/Monitors/Cards/Projector-_-2555661_Chief%20Thinstall%20TS318SU%20Medium%20Dual%20Swing%20Arm%20Wall%20Mount%20-%2018%22%22%20Extension%20-%20_CIF-TS318SU You can even mount a television tlhat is wider than the wall behind as it can sit flat on the wall and extend beyond the wall to the left when at rest like another plane in your architectural composition. Since the upper stair is just behind, this should be fairly safe for the electronic. Determine precisely where the television will be at rest before you hang the mount itself. Then, look for a low height chest to sit below the television. Ideally a chest with one open shelf near the top to hold your component receivers. You may want to try to run electrical to the remaining vertical wall on the right (the support for the stair landing) to get power into the wall itself, while everything is open. Depending upon where the nearest source is, with concrete walls, you could mount the power junction box low on the wall under the stair and drill out small diameter cord passages through the wall after placement of your components. Or use the baseboard area to run needed cables and power to the area behind the chest, then conceal it with baseboard trim. The more you can hide the power and connection cords, the sleeker the look, to match your gorgeous architectural stair element. If you have a larger deeper television, put it on a sideboard chest under the upper stair where you have the depth. In the rear area, take care with putting cables together in a cord cover - ikea has a good one that is inexpensive. http://www.ikea.com/us/en/catalog/products/20097954/ so it looks "neat" from behind when you come down the stair.

You will have to probably redo the shelves completely. Looking at how they are built you cannot just remove the middle to put the TV in. You may be able to put some support under the shelf that will be just above the TV....just consider this. I would paint the inside of the shelves a fun color- cobalt blue or burnt orange maybe. This will give you a great backdrop for your things and keep the TV from becoming a black box on the wall. It's a great space!

@Cornerstone design studio: Apologies for making big post; thought that more info will help. @Rupal ji, If it sounds like I dont need any changes; my apologies for that. Let me put it in short,"I am looking for options that give modern facilities without leaving good things from old charm/ comforts. " Thanks for the straight forward comments. I shall try to edit my original post to make it simpler and that looks open to new ideas.

its easy to call for ideas but suggestions come with a cost. not sure how much budget u have . still chose something sleak and long. legs and without a high wings or back panel. try a video channel on youtube. its claptrap , they have options