Came across this quick and easy Microwave recipe on the Tarla Dalal's website and I had to try it. 
Tastes incredibly delish and doesnt take even 10 mins to cook.


Method
1. Mix 1 cup of full cream milk, 1 cup of grated paneer, 1/2 cup of condensed milk (I used Milkmaid), 3 spoons of sugar (adjust according to your taste), 2 tsp of Ghee, pinch of cardamom (Elaichi) powder in a large microwave bowl and cook in the microwave for 6-8 mins.
2. Remove from microwave and let it to cool. Once cooled, chill in the refrigerator for 2 hours.
3. Yummy rabri is ready. Garnish with Saffron(Kesar) strands and dry fruits and serve.

Here is the link to the recipe on Tarla Dalal's website.