A thick concrete wall can keep your house cool. Steel will make your house hot unless you insulated the walls well. Insulated walls don't work very well in a flood zone. When they get wet, you need to tear them apart. You will need concrete for the foundation most likely unless you are driving steel pylons. There is probably a combination of the two that will suit your needs best. It would be helpful to know what you want to achieve by using steel. There are advantages to both. Steel floors can be cantilevered further. It is easier to make bigger window openings. Floor and roof spans can be lighter and quicker to build with steel, but the roof will get hotter and therefore need good insulation and need to be well ventilated. These are just general assumptions of certain building practices so that you know what to ask people where you live. The practices and resources vary from place to place and building something for a specific purpose can change the benefits of one material or the other. My best guess is that you will probably want to use both.

SInce it is a compact apartment as most apartments are, having minimal decor with maximum storage will do best justice to the flat. U can have a storage cum visual space seperator which keeps the drawing room seperate from the private areas. The bedrooms can also be kept simple with storage beds, having sliding wardrobes with mirrors which gives a feeling of space. the kitchen also can be kept simple sleek with few highlights.

I really liked the indirect lighting and the bar light fixture.

Thanks for both of your responses CUBSpaces team and Shweta from Shades studio. It really gives a clarity about possible consequences. I am now doubt free about changing whole things in Bathroom as it will be interconnected. However will appreciate your opinion on few things: 1. Kitchen wall tiles: I have those from countertop height to roof(almost area of 6X15 feet) which are good and not hollow. I changed countertop 5 years back without any damage to these tiles. It might cost me another 10-15 K, but I feel the whole process and quantity of wasting old good tiles makes me little sad. 2. kitchen countertop: Made new around 5 years back. I don't expect to get it all intact. But large pieces can be cut and can be used as top for other freestanding structures like dishwasher, front load washer, heighten base cabinets, etc. 3. Plywood: I don't mind giving enough labour charges for old sheets recycle. I am planning to use doors, loose sheets(like kept on bed frame of settee frame.) or parts of big frames like settee. I am keen on reducing waste than to save money. You can see various DIY ideas by western people, who remove or sand laminates and re-paint furniture, or carefully remove hollow tiles and re-attach them. Some are also re-painting ceramic tiles. I am just asking myself: Are we creating more and more waste by use and throw approach every 10-15 years, just because we can afford it?