@elangoas thanx a ton for your opinion i will get a demo by tomorrow in the meanwhile i will appreciate if there is also a upgraded suggestion for an expanded budget
With a budget of 1 Lac you can consider lots of brands..... With your room size, you can consider FS as fronts.
You should audition Dali, Paradigm, Klipsch, Jamo, PSB, Tannoy, Sonodyne....and audition them with your AVR only. Then choose what suits best to your ears...