OK, after a long silence here is update. Have been a bit busy and trying to get as much knowledge as possible about how things suppose to work. Came across couple of nice readings. One of them is in Swedish by someone called as Eva on planted aquariums.
http://goto.glocalnet.net/obasko/akv/art/jordsv.htm
Also got a book by Diana Walstad Ecology of the Planted Aquarium. Very very good ones.
So finally decided to go on planted aquarium way and then tried to set planted aquarium.
Basic setup: Normal planting soil(yes all the fancy soils being suggested on most of the forums are not in local market , only found one by JBL which is freaking expensive. )
Bottoms 2inch layer of normal planting soil.
Then 2-3 mm gravel pressed on top of it so as to keep soil particles down.
Then 3-5mm normal gravel layer and then plants.
Plants I have plantes in so far are:
Amazon, Gymnocoronis, Zosterrifolia, Wistaria, Pollyseprma and couple of other names of which escape my fish brain.
I am doing water changes in 2-3 days. Did one previous Sat, then on Monday changed to planted one and changed water and then might do water change today again depending upon the water parameters.
Will post pics a bit later.
The testing results so far: Got ammonia and No2, pH, kH kits.
kH remains almost 6.
pH: between 7-8
No2 and Ammonia is stumping me from the day I got kits. On the color charts for readings, my readings for both reads on levels of **** as per Saint Gabriel.
http://www.youtube.com/watch?v=MD1HWwCj0Qg&feature=search
I am clueless on this one. I reduced feeding to once a day. Changing water and still Ammonia n No2 seems to beating it. Fish do not appear to be stressed as of now.
Load is: 4 Platys 4 Zebra Danios (yes they are toughest mean little ones. Very very active) and 2 dalmetian mollys. Total 10. So far no casualties in gas chamber.
Will post todays test readings when home.
How how how how how long does this need to cycle???
To add complication, yeah I rigged DIY co2 system with Nutrafin ladder attached in this.
Number of bubbles per minutes ranges from 6-8 BPS. Running it round the clock. Just read in planted aq forum that I shall take off c02 at nights else fish wll be gasping for air in the absence of much of oxygen unless I have airpump on.
Airpump is off as it is ANNOYING sound as well as noticed that fish are running around when bubbles start. When bubbles stop they hang around more pleasantly in relaxed pace. Don't know what is normal? Zebras run all the time as if tail end is on fire.

Also couple of them amused me yesterday by running through c02 ladder like c02 bubbles. I am not MAKING this **** up. It had happened.
So this is situtaion as of now.
Later, few pics and test parameters.
Do not hesitate to kick me if I am doing wrong. I wanna do it right and want babies in comfort.