I vote shelves- but another idea is to do black and white photo array. This would be fun and contemporary and adding a conversation piece to the room. Use photos you have or you can find some great ones at Homegoods or Aaron brothers.

Just to clarify, you have presented 3 versions. I believe the consensus is the original version with the wood grain ( linen grain) cabinetry works the best and is most updated. The only thing that is out of place are the cabinets or "shelves" on both sides of the range hood. If this is what you need to find a solution too. I would suggest only experimenting with rendering options for these two cabinets( or shelves). This cabinet ties in all the other hard surfaces. The white is not working. It just adds another element. The black is a little dated.

HI -- If you could find a squared console or buffet cabinet that will fit against the side of your big cabinet that is close to the style and color of the big cabinet , then place the TV on top or hang the TV on the wall with a swing bracket . Then add a, just as long, floating shelf over top of the TV .at a level no higher than the top of the big cabinet. Ikea might have something that would work for you that is black or something you could paint to match your big cabinet.

I would say at present your room is too crowded. also too bright /shiny colors. In India large / wall to wall rug/carpet can be problem with dust so a small cotton rug/carpet/dhurrie would help you. Also as Celerygirl mentioned please remove those sofa covers. add few cushions with nice cotton covers (ikat/block printed covers are quite cheap and easily available online) Get simple cotton/ or mixed curtains. Some wall art/framed posters /photos would be nice on walls. Also sheet on the diwan should match the color of your sofa.