 The Peshwas administered the Maratha kingdom for more than 100 years, a period which ended in 1818 following the defeat of the last Peshwa in the Third Anglo-Maratha War.The third Peshwa, Balaji Bajirao, built a huge house here in 1750, which has recently been renovated.The statue of Balaji Vishwanath was also installed here in 1988.