The famous Lakshmi Vilas Palace built by Sayajirao Gaekwad III in 1890 is the magnificent residence of the royal family of Baroda. It is also a well visited tourist destination for public. Commissioned in 1878 by Maharaja Sayajirao Gaekwad III and completed in 1890, the Lukshmi Vilas Palace in Vadodara, Gujarat, is so much more than just the world's largest private residence. History Of Lakshmi Vilas Palace In 1890, Maharaja Sayaji Rao Gaekwad III, the then-ruler of Vadodara, decided to build the Lakshmi Vilas Palace, which was completed in 1890. The Maharaja was known for his progressive mindset, and he wanted the royal residence to serve as a testimony to the Gaekwad’s vision and grandeur. With the Lakshmi Vilas Palace valued at approximately Rs 24,000 crore, and their inherited funds rounding up to over Rs 20,000 crore, here’s everything you need to know about the Royal Family of ...