In a saucepan, add the water and also the sugar and palm candy. Mix well. Let it simmer over medium heat. When the mixture starts to boil, turn off the heat and let the mixture cool completely. Make sure the sugar is well combined and dissolved.
Once it is cooled, add the rose essence and mix. That's it; the rose syrup is ready. You can store it in an air-tight container and refrigerate.
Make the paneer soda-
In a serving glass, add 1 tbsp of the prepared rose syrup. Add sparkling water as required and serve right away.
You can either add sugar or palm candy when making the rose syrup. Coconut sugar or any other sweeteners of your choice will work as well and as always adjust it according to your taste.
Based on availability, you can use either rosewater or essence. Adjust the amount as per your preference.
I did not add any ice cubes as my sparkling water was cold. But you can use ice cubes too. Cold soda tastes excellent, so always serve it cold/chilled.
And instead of sparkling water, you can use club soda as well. Make sure to use plain ones or the unflavored ones.