One possibility would be to swap the living room and the dining room. Since the current living room is larger than the current dining room you could still keep some comfortable seating (couch and upholstered chairs?) against the front wall for a keeping room/dining concept. Then your new dining areas (kitchen and dining room) and living areas (living and drawing room) would have good flow between them, which would work well both for family and entertaining. You could also add some builtin bookshelves in the drawing room or new living room to create a library area to add another fun element to the living areas. These bookshelves could be against the long walls in the drawing room, around the window with a window seat in the living room (former dining room), or built to create some separation in the open area between the drawing room and living room/stair area. Your plan seems to show some sort of builtin there, but I'm not sure what it is.

Perhaps a large round table might mean a rug is not at all necessary. It could be a metal tray table, or carved wood like Rebecca Mitchell Interiors illustrates. Ideas also to consider, using multiple tables can be found at http://www.houzz.com/multiple-coffee-tables. I also agree with comments above that some color is needed on the walls. You could then hang round mirrors, or an unusual curved shape like RMI shows above.

you are thinking about the space right now. it looks odd, no doubt. 1) when you fill in with the furniture, just make sure the three steps are hidden. 2) consider three potted plants of different height, so the rectangle is complete. 3) glass bowl with Siamese fighting fish for each step 4) figurines of different heights 5) 2inch square wooden bar on each step up to the top of the rectangle. and complete the entire rectangle if you want with a smaller rectangle open in the center my suggestion is, there is a reason why this space ended up like this. it will look great once you put something there. things like these are what make your house unique.

Hi Rahul Satija To answer your question, regarding which material to use for the outsides of your home Terracotta Brick - unless you have used bricks that are meant to be left exposed, ordinary bricks will take in a lot of water and leave the walls damp, and hence not a great idea. You could ofcourse cover it with a veneer of brick cladding but that is something we would not propose. Between wooden cladding and paint, it frankly depends completely on your budget. Wooden cladding looks extremely good but is quite pricey. Our suggestion would be to paint the majority of the home, with highlights in parts in wooden cladding.