Hi Karthik,
I may be only starting with 3D but I definitely know a lot about camera movements and edition.
I like the simplicity of the shots. Keep it that way!
I agree with Nicolai, do not let the camera stop before you fade out to a new shot. In order to make it all flow seamlessly reduce speed of the camera, set the interpolation to linear (no accelerating and no slowing down) and make sure your camera is moving all the time. When you fade out and when you fade in.
Fire that doesn't move definitely ruins the magic, so if you can get yourself a moving fire on the first shot.
The music seems too glitchy and broken for such a calm and elegant feel of the place. I'd look for something calmer or more fluid. If however you want to keep that kind of music I'd use some sharp cuts and consider syncing when you are cutting or fading in and out, currently they are not integrated.
The split screen effect is great and how you use it is quite clever. But you only use it once.
The two pivoting camera moves give a completely different feel and break the flow, they stand out as a fancy camera move when you want people NOT to think on the camera, but on the place. To keep the homogeneity not only with the edit but with the sharp right angles of the place, I wouldn't use them.
There's a glitch with the books at 0:42 below the table.
Oh and I LOVE the focus pull on the second shot. Great stuff.
So, fantastic work. Sorry I cannot help with the technical stuff yet, but I will soon.
