Formerly known as Jag Niwas, Lake Palace, located in the ancient city of Udaipur, it is now considered one of the most luxurious hotels in the world. It is located on a small (16,000 sq m) Jag Niwas rocky island in the middle of beautiful Lake Pichola.

The palace was built during the years 1743-1746 during the time of Maharana Jagat Singh II - ruler of Rajasthan, as his summer residence. At the request of Jagat Singh it was designed in the image of the beautiful palaces of Agra, the "face" to the east, as well as a building material was used white marble. The building is a multi-tiered structure, with a large courtyard, numerous outdoor terraces, colonnades, pools and the upper room, perfectly round, instead of the roof which has a magnificent dome. The walls of the palace is decorated with exquisite moldings, inlaid with black marble and multi-colored mosaics.

During the Indian Rebellion of 1857 it was in hiding Jag Niwas Europeans were in Udaipur. Then this architectural masterpiece was virtually abandoned. It slowly destroyed by wind and water, while in the second half of the XX century its owner, a descendant of rulers Bhagwat Singh, decided to turn it into a huge hotel class "luxury". The designer, who undertook to restore and decorate the palace became an American artist Didi. It was under his strict guidance of an abandoned and dilapidated building has received a second life. And in 1971 the hotel came under the control of a group of Taj Hotels Resorts and Palaces, which in 2000 conducted a re-restoration of the palace.

At one time in the Lake Palace visited Vivien Leigh, the Shah of Iran, Queen Elizabeth, Jacqueline Kennedy.