Vishrambaug Wada was built in 1807 and was the residence of Peshwa Bajirao II until his defeat at the hands of the British in the Third Anglo-Maratha War. Famous for its aesthetics: Alluring facades, hand-carved teak wood-work columns, pillars, ceilings, and more; it showcases typical features of Maratha architecture in earthy tones of red, brown and white. In addition to being a luxurious three-storeyed mansion for the Peshwa, Vishrambaug Wada was the original site for many educational institutions including a Sanskrit school in 182 and later, the Government Engineering College, Deccan College, Pune University, and Agricultural College. Currently, it houses a few offices of the PMC and a Post Office on its ground floor. A small museum of Maratha artefacts (for which there is an entry fee) was installed here by noted Maratha historian Babasaheb Purandare, and a handicraft shop by SMILE (Savitri Marketing Institution for Ladies Empowerment) is housed inside the Wada as well.