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Lal Bagh Palace was built by Maharaja Shivaji Rao Holkar, during 1886 and 1921. Situated at the bank of River Khan, this three storeyed structure is used for hosting royal receptions. Originally, the construction of the palace began in 1886, under the reign of Tukoji Rao Holkar II. The final phase of construction was completed in 1921, under the rule of Tukoji Rao Holkar III.
Spread over an area of 11,3311.98 sq. m, this palace holds exhibit of prehistoric artefacts. The first floor of the palace holds display of coin collection, which dates back to Muslim period. This palace also houses exhibits of contemporary Indian and Italian paintings. The interiors of the palace are similar to that of Versailles Palace and features Italian marble columns, chandeliers, flying nymphs on the ceiling and Belgium stained glass windows.
This palace houses a ballroom, which has wooden floor mounted on springs for extra bounce. The entrance gates of this palace are a replica of the gates of Buckingham Palace. These gates carry the emblem of Holkar state, which states ‘He who tries will succeed’.
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