Thanks everyone for the very useful suggestions. I could not reply yesterday as I went to Panipat (Haryana) go buy carpets and cloth for walls, recliners etc. I know a few factory owners in Panipat and so was able to the the cloth and carpets at approximately one third the market price.
Here are my responses/clarifications on some of the points raised in various posts in the last few days
1. I have removed the Window A/C and will put a 1.5 tom split A/C in the room (photo below)
2. I will cover all the windows with brick and leave the door alone as an entry to the balcony behind. (Another photo of full window and door below)
3. I am not planning to put an exhaust in this room. I will both the balcony and room doors a few times every week for a few minutes to more than and hour on weekends for keeping the room fresh. My wife will help me in this
4. I have got the main entrance door corrected to open towards the outside of the room (photo below)
5. Both doors will be acoustically treated for the face towards the HT room (I will mention how in a later post)
6. I will not have a rough party in this room. It will be decent parties only and am not expecting people to fall on the equipment during this party. I have had such parties in my house in the past and they are pretty decent.
7. The room will not have anything except the HT equipment in it.Everything you see in the pictures right now is temporary and will be removed from this room. Actually a lot of these things will be put in the balcony behind which has been covered with acrylic sheet yesterday only (Another picture below shows this balcony from behind the room) I got the acrylic sheet custom made at about half the price and double the quality in a factory in Ghaziabad (UP)
8. Flooring - I will not use wood flooring but carpet. Below the carpet I will use a 8 mm thick dense foam sheet. This is specially made to be put below carpets. It will act as an acoustic material and also make the carpet soft (photos of carpet and foam are given below)
9. As of now I am not considering any IB woofer and any other woofer in the attic or behind the beam. I think the Polk Audio DSW Pro 660 is big enough for me for now
10. The area behind the beam I will cover with glass wool on the sides and cloth in the bottom over wood frame. As per Manoj, this will also act as a Bass trap and I really like the idea
11. The attic I will have to leave as is for now. The attic door will also be acoustically treated from outside. If you think treating it fro both side will help then please let me know. What would be the problem if I leave the attic as is (It is used as a store and I intend to use it that way at least for now)
12. I will have 2 wooden pillars on each side of the room for beauty and to break the flat surface. Also the cloth will be in 3x2 panels
13. I will receive the glass wool tomorrow. I have bought 48kg/m3-50 mm thick Twiga A grade glass wool pre-cut in 3x2 size.
Twiga - the widest range of thermal, acoustic, and fire insulation
14. I have also got 40 gsm A grade Tissue to wrap the glass wool before installing. This will prevent the glass wool from flying around later ifit chips off form the sheets. Also handling while installation would be easier
15. I am still not decided on the room but am now not planning to have a false ceiling with a 10" hollow space inside. Only wire running from the room would be the HDMI cable to the projector. Also the attic door should be easily openable and so can't have a deep roof. Any good ideas to cover the roof which will be just a few inches below the surface are welcome
16. The Sound absorbing foam for computers for the room (suggested by Tanoj) are costly in itself and are difficult to put on the ceiling as they have to be pasted. I am getting these very close to my house though. Also they do not look very nice in a HT setup. They are used inside the body of silent generators and in factories etc.
17. I have separate lines laid for electrical and sound wires for this room. Electrical is in walls and ceiling. Sound wires in walls only
18. Santosh, How did you make borders bass absorbers in the ceiling? How did you make steps in the ceiling? Any photos?
19. I am planning to put LED lights in the step. There will be a single step 6 inch high 3 feet long across the breath of the room. Brick sides and19 mm board top. IT will be hollow inside. Is this an issue? How can I make it as a bass trap?
20. I am planning to put a 2 seater sofa and boos chair on the step and 3 recliners in the front row. Any more visitors will have to sit in chairs we will bring from outside or on the carpet