[2] Baji Rao II preferred this residence to the ill-fated Shaniwar Wada, the citadel of the Peshwas.

[1] In 1821, the new East India Company rulers of Pune started the Hindoo college in the Wada to continue Sanskrit learning in the city.

In 1930, the then Poona municipality bought the property from the colonial Bombay Presidency government for a sum of Rs 100,000[citation needed].

The conservation is set to be carried out in three phases, starting with the double storeyed mansion where the Peshwa is said to have lived with a battery of 6,000 servants.

According to PMC's heritage cell chief Shyam Dhavale, the original bricks wada, are specially being recreated.