Jaipur, popularly referred to as Pink City, is a breathtaking destination that perfectly captures rich architectural influences of the Rajput, Mughal and British eras. This detailed account throws light on the architectural intricacies of the havelies that lie in the walled city of Jaipur and also chronicles their journey as revered landmarks, forgotten legacies, meticulously preserved marvels and transformed heritage hotels. It also touches on the aspects of the historical development of such structures and the ability of these structures to mimic the socio-economic standards as well as civilizational practices of contemporary society. Thus, using the approach of architectural and historical analysis, the present paper is designed to give the reader a clear understanding of the Havelis for Jaipur’s historical legacy and analyze the main problems that havelis encounter nowadays, including the problems of conservation and urbanization.