How about some photos? What style? A mid-tone grey would look good with black sofas:

Just wondering what is the current wall color? Looks lavender. I'm not a fan of accent walls in a bedroom. To me a bedroom should be relaxing and varying wall colors seem stimulating by their very nature (think they're great in other rooms though). But if you want to do one, I would do as you suggested, the wall where your headboard is located. Figure out what you want to keep (sounds like the headboard and the red chair are definitely staying), then work around that. I think cool greys are very pretty and a wonderful neutral that work would work well with your headboard and chair. Then you could bring in the other colors you like through bedding and artwork. If storage is an issue, can you get some bins on wheels for beneath your bed? Also can you consolidate all those smaller tables and get one larger table/storage piece in its place? I would check out IKEA if it's in your budget. Also given the size of your bedroom, if possible I would go with simple curtains that are the same color as your walls. Good luck!

Now onto buying furniture. Am going to buy the following, 1. Living Room a. Sofa (to seat 4) b. Dining table 2. Chairs for the Study Area 3. Beds and cupboards for the kids room Any color recommendations for Living room sofa and dining table would be much appreciated :) Regards, Venka Vimar

Thanks for your comments, its great to discuss with houzers! You are so right @decoenthusiaste the view is beautiful and one reason why I chose the apartment. the room is longer than it is wide, and I wanted the kitchen/bar to be included in the seating so the attached pic is how I was planning to lay it out. @cdrdesign I can't/change the table, its a gorgeous mahogany piece I had custom made and one I see keeping for some years yet! I dont plan a TV in this room, will put it in another room. This room in for living and entertaining guests. Sorry I dont have layout software, so you will have to make do with my scribbles using powerpoint! Could really do with help on choosing the light fitting in place of the central fan- what would look nice here or should I wait till the furniture gets here to choose the light to match?