Heat 1/2 tbsp oil in hard anodized or non stick pan. Add chopped onion and bell pepper pieces to the pan in the hot oil. Sauté them for 3 minutes on high flame. Stir constantly. Take these out and set aside.
Now heat another 1/2 tbsp oil to the same pan. Add Paneer cubes and cook on high flame while tossing them and grilling them from all over, for 3 minutes. Take these out and set aside.
In the same pan, add heat 1 tsp oil on medium heat. Add green chili, ginger garlic paste, coriander powder, red chili powder, garam Masala, and salt to the oi. Saute for few seconds till raw smell of ginger garlic is gone. Add Ketchup and water to the pan. Stir the spices, ketchup and water together. Cook on low heat for 1 minute.This is your quick jhalfrezi sauce.
Toss the paneer, bell pepper and onion pieces in the quick jhalfrezi sauce for 1 minute. Add Tomato pieces and Stir well. Cook for another 2 minutes and switch off the gas
Your Quick Paneer Jhalfezi is ready in 10 minutes.
Serving Suggestion - Serve with Naan, Roti, Parantha of your choice.