So sorry.....I see the dimensions on your floor plan now....oops. It was middle of night here. You have a great place with lots of options. I will try to find a picture for you, but here is what I would try. TV on left wall. Put it on a console table 20" to 30" high, or wall mounted with a wall mounted console below. TV should not be too high or too low for viewing pleasure. The main walkway to the balcony will be on left side in front of TV. To see how the arrangement feels, Try your sofa on the right wall facing the TV. Then put one of the chairs in front of the sofa with its back to the glass and the other opposite of it with the back to your entry. If you feel this arrangement is too far from the TV, a sofa table can be used behind the sofa to move the whole seating arrangement forward. Then if this feels good, you can add a rug. The rug should be at least big enough that the front feet of the furniture can rest on it. You will then need tables on the sides of your sofa. You have the choice of a coffee table or what is called "cocktail ottoman" which you can put a tray for drinks and food on, but still put your feet up. That is always nice when watching TV. If you like this arrangement and go to buy new furniture pieces,get the chairs on each side of the sofa that swivel so the person can watch TV easily. You need to think a lot about what colors you will use in this houses if any rooms are done, take some cues there. It's a big decision that will influence every purchase. Find a 3 color combo that appeals to you. Again look on Houzz at the living room pictures. Post some here that you like.

Yes, moving the bed under the picture wall would be good, and provide space for a chair and ottoman as you mentioned. And i have actually put a new set to curtains today which is a slight brown colored one. And I was thinking about painting the walls with the picture and the one with cupboards in a dark red shade and the adjacent walls something between off white to cream color. I plan to change the floor tiling too, but not at the moment. I've been thinking of making it a wooden flooring. But not sure what color to use.

Hi Nikita, First and farmost, you have very beautifull coushion on sofa, from where you buy it? You can check the videos of Small budget Big makover first session series in youtube. In One such house in Gujarat, Muninder and Bishakha coloured the old sofa set with whtie (The sofa is like yours) and changed the centre table. Interestingly, the family also had your kind of sofa set and they also want some modern style. The architect duo did not changed the sofa, just changed the colour. Yes I found it in youtube. it is the house of Setu Upadhyay. the link is https://www.youtube.com/watch?v=85GNhyLeVnM Another suggestion is that you have many tables on the room. You can drop few chairs and opt for a single centre table

wodden pillar was extra thing ..might create hindrance ..jhoola is itself a divider.