English: Shaniwarwada was the stately mansion originally built as the residence of the Peshwas. The foundation of the mansion was laid by Bajirao 1 in the year 1730 AD and construction was completed in 1732 AD at a cost of Rs. 16,120. Several additions were made to the palace like fortification walls with bastions, gates and court halls by his successors.

What was once a seven storied structure was gutted by a fire in the palace. Only the remains can be seen now like the fortification walls with five gateways and nine bastions that enclosed the entire palace. The principal gate is called Dilli Darwaja (Delhi Gate); the other gates are called Mastani or Alibahadur Darwaja, Khidki Darwaja, Ganesh Darwaja and Narayan Darwaja.

The walls in the palace were painted with scenes from Ramayana and Mahabharata. A sixteen petal lotus-shaped fountain stands reminiscent of the exquisite work of those times. The historical structure which stands as an important chapter in the history of the Maratha empire, is now maintained by the Pune Municipal Corporation (PMC). Around 1,000 people used to stay in the palace.