Kamal Ghorui
Umaid Bhawan Palace in Jodhpur, Rajasthan is an iconic property. It is not just a stunning architectural wonder but is also among the most valuable private residences in the world. Dating back to the early 20th century, the palace has been in the news for being the venue for some high profile marriages from Bollywood to Hollywood. Today, the palace is a living heritage estate and luxury hotel destination. But do you know who owns this valuable property and who resides here? Let’s find out:Origins and lineageMaharaja Umaid Singh of the Rathore dynasty commissioned the construction of Umaid Bhawan Palace in 1929. The palace was also conceived as a public works project to serve during drought and famine in the region. The palace sings the songs of Rajput glory and valour. Built in golden sandstone on Chittar Hill, the palace was completed only in 1943. And since then, it has been ruling the world of palaces in India. It is named after Maharaja Umaid Singh, the grandfather of the current head of the family. Who owns Umaid Bhawan Palace?Umaid Bhawan Palace is owned by Maharaja Gaj Singh II. He is the present Maharaja of Jodhpur (also known as “Bapji”). He inherited the palace as head of the Rathore dynasty. Though royal privileges in India were abolished in 1971, the family maintained ownership of the property.Estimated the market valueAs per several media reports, the estimated the market value of Umaid Bhawan at around ₹22,400 crore, making it one of the most valuable private real estate properties in India.Who lives inside Umaid Bhavan Palace?
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The royal family continues to reside inside the palace, but a part of it has been turned into a hotel and public museum. The private quarters are home to Gaj Singh II and his immediate family members. Maharaja Gaj Singh II’s son, Shivraj Singh Rathore is the Crown Prince (Yuvraj) of Jodhpur. What makes Umaid Bhawan unique Umaid Bhawan is a perfect example of private residence and luxury property. Private Residence: A section of the palace serves as the private home of the Jodhpur royal family. Guests are not entertained here as it is a royal residence.
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Luxury Hotel: A major portion of the palace, (70 of its 347 rooms) are turned into a luxury heritage hotel under the Taj Hotels. This venture was initiated by Gaj Singh II to generate revenue for the palace’s maintenance.Museum: There is another section that functions as a museum housing the royal family’s 20th-century history and classic cars, among others.Umaid Bhawan Palace is a rare case of royal legacy and modern real estate platforms. Owned by the royals, the palace is both a private residence and a globally recognised heritage asset.
