Panchyawala is a large area located in the central Jaipur. Many residential colonies such as Matsya Nagar Colony, Gautam Vihar, Samta Nagar are situated in Panchyawala. These colonies acquire the independent houses as well as the posh apartments. Panchyawala resides one of the biggest markets of Jaipur, named Bajari Mandi. Two of the main roads of the city, Khatipura Road and Vaishali Road pass right from the centre of this area.
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The capital of Rajasthan, Jaipur, is also the largest city in state. Named after the king of Ajmer, Jai Singh II, Jaipur is also called the Pink City of India. It is a very popular international tourist spot and is considered to be a gateway to other sightseeing destinations in the state. Since tourism forms a major part of Jaipur economy, it houses the offices of three major trade promotion organizations. These are the FICCI, PHDCCI and CII. Jaipur is a major hub for arts and crafts, and is known for gemstone cutting. It was voted the seventh best place to visit in Asia.