Formerly known as Jag Niwas gardens, lake Palace, situated in the ancient Udaipur, currently considered one of the most luxurious hotels in the world. It is located on a small (16000 sq ft) rocky island of Jag Niwas gardens amidst the beautiful lake Pichola.

The Palace was built during 1743-1746, during the reign of Maharana Jagat Singh II, the ruler of Rajasthan, as his summer residence. Optionally, Jagat Singh, it was designed in the likeness of the beautiful palaces of Agra, the "face" to the East, and as a building material used was white marble. The building is a multi-tiered structure, with a huge courtyard, numerous outdoor terraces, colonnades, pools and the upper room, perfectly round, instead of a roof which has a magnificent dome. The walls of the Palace is decorated with an elegant moldings, inlaid with black marble and colourful mosaic.

During the Indian rebellion of 1857 in Jag Niwas gardens were hiding in Udaipur Europeans. After that, this architectural masterpiece has been virtually abandoned. He had been slowly disintegrating under the action of wind and moisture, while in the second half of the twentieth century by its owner, a descendant of the rulers of Bhagwat Singh decided to turn it into a huge luxury hotel". The designer, who undertook to restore and decorate the Palace became American artist Didi. It was under his strict guidance of an abandoned and decrepit building has received a second life. And in 1971, the hotel came under the management of the group Taj Hotels Resorts and Palaces, which in 2000 had a repeated restoration of the Palace.

In his time in the Lake Palace was visited by Vivien Leigh, the Shah of Iran, Queen Elizabeth, Jacqueline Kennedy.