Kathmandu, also known as City of Temples stands at an elevation of approximately 1,400 metres (4,600 feet) above sea level in the bowl-shaped Kathmandu Valley of central Nepal. The valley is historically termed as "Nepal Mandala" and has been the home of Newar culture a cosmopolitan urban civilisation in the Himalayas foothills. The city was the royal capital of the Kingdom of Nepal and hosts palaces, mansions and gardens of the Nepalese aristocracy. Kathmandu is and has been for many years the centre of Nepal's history, art, culture and economy. It has a multiethnic population within a Hindu and Buddhist majority. It is also the home of the Newars. Religious and cultural festivities form a major part of the lives of people residing in Kathmandu.