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.

Hi Rishab, You can avoid creating 4" false ceiling and create 1.5 / 2" false ceilings just to let the wires hide and run within the false ceiling. I will not recommend conduits or exposee ceiling unless you wish to do a rustic interior design. You can go for Surface mounted lights and track lights. They are beautiful and are available in different shapes and sizes too.

Mayarao, These are functional lights, don't expect too much of look from these. You may want to go for a higher wattage though. Thanks, Amit Cornerstone Designs, Bangalore

the more gap you have the more light will diffuse. the beauty of cove lights comes from that gradient. if you have a small space then that look won't come. additionally, refering to your previous post, it will also be a place for pests. If you want this design, I would suggest you go with an LED and cover the gap with an acrylic cut out. that will give a nice effect. or create two levels, let the flat part stay where it is and make the circular one a recess