Budhwar Peth, established during 1703, is among the famous residential areas in Pune
Aurangzeb Alamgir, the last of the prominent Mughal rulers, stayed here during 1660. During his time, the place was known as Mohitabad or Moheyabad. Later it was renamed as Budhwar Peth by Thorale Madhavrao Peshwa.
The peth is renowned for its monuments and ancient temples. The notable cultural monuments of this area include Vishram Baugh Wada, Belbag Temple and Gramdevat Jogeshwari.
Other points of interest are Ganesh Temple, Shri Jogeshwari Temple, NMV High School and Laxmi road. Nowadays, Budhwar Peth is famous for different businesses, particularly for electrical goods.