We report the fabrication of a one dimensional microcavity structure embedded with colloidal CdSe/ZnS core/shell quantum dots using solution processing. The microcavity structures were fabricated by spin coating alternating layers of polymers of different refractive indices (poly-vinylcarbazole, and poly-acrylic acid) to form the distributed Bragg reflectors (DBRs). Greater than 90% reflectivity was obtained using ten periods of the structure. The one dimensional microcavity was formed by sandwiching a λ/n thick defect layer between two such DBRs. The microcavity demonstrated directionality in emission and well behaved dispersion characteristics. Room temperature time-resolved photoluminescence measurements carried out on this structure showed six fold enhancement of spontaneous emission rate. The photoluminescence decay time of the quantum dots was found to be ∼ 1 ns while for the quantum dots embedded in the microcavity it was ∼150 ps.