This will help get some light into the middle of your space. http://www.westelm.com/m/products/overarching-floor-lamp-antique-bronze-w890/?pkey=cfloor-lamps You could also do end tables or a console behind the couch and place table lamps on either. It doesn't look like you have any seating near the edge of your space and your existing lighting seems to be positioned at the edges of the room. So I'm not sure if sconces would help much.

Srini, People have their respective likings and it may not meet your needs. If you have a requirement for an additional room then you go for it. If you have say 3-4 rooms already then a high ceiling living would be worthwhile. An open spacious living room is a big yes for me.

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.

The living room window itself does not appear to be designed to let much light through. Please show a photo of that window, also of what lies outside the window. In the meantime, I suggest that you replace the builder-installed window with one of your own choosing. Use toughened glass rather than this heavy grill. Minimise the frame, if possible, particularly if there will not be much air coming through. If there is the potential of air but not much view, then have a sliding or bifold window that maximises the opening. On the blank wall outside, if that's your view, put up a green wall, creeper, something to improve the outlook. For nighttime viewing, add mild uplights in a natural white shade, focused on the greenery. Or else, you may be able to put up a reflective surface on the facing wall, to bounce in more of whatever light there is. Such as a coloured glass mural if not a plain mirror. Once you have maximised your window, move on to the wall to the right of your living room photo. That is, the wall that your living room shares with the west bedroom. Use a very large mirror on that wall to expand your living room visually and to bounce more light around. To cut down on expense/effort you can make it out of several standard-size sheets rather than one giant sheet. However, if that wall is to be covered with storage, make sure the front surface of the cabinetry is fairly light-coloured and reflective. Last, if not yet satisfied, consult a lighting expert for this room. That would be useful. These are fairly expensive solutions, all in all, but they should help.