Thank you to each and everyone here. Finally, I have set up my room. I went with the following:
JBL 590 L/R
Emotiva C2+ Center
JBL 530 Surrounds
PSA S2112 Sub
Denon X3700H
Got JBL on sale. JBL is very Dynamic for HT and equally great for Music.
I Auditioned both SVS SB16 and PSA S2112 and stayed with PSA Sub. Not that SVS is bad, PSA was more suitable for my room. SVS SB 16 was tight but felt underpowered.The customer service of SVS was very good.
Tom recommended me PSA S2112 and I am very happy with the decision.
All in all, I am happy with what I have, and thank you again for all the recommendations.