The temple is the oldest heritage structure in Pune and was built during the rule of the Peshwa dynasty.

[1] For visitors, Parvati hill is also an observation point that offers a panoramic view of Pune.

The Devi temple was believed to be of Taware's kulswami whose angara was able to cure a leg ailment of Kashibai, mother of Peshwa Balaji Baji Rao.

It was completed under Balaji Baji Rao in 1749, and a gold pinnacle was added to the temple in 1760.

The museum houses the weaponry, coins, utensils, wooden furniture, modes of transport (palanquin) and gifts acquired from the times of the Peshwas.