Jivajipant Khasgiwale developed Guruwar Peth in the year 1730. The famous temple of ‘Vetal’ is located in this peth due to which it is also known as ‘Vetal Peth’. It is believed that during those times, Peshwa used to visit this temple. They had fixed a huge bell in this temple as their work of molding of ammunition was successfully completed. During the olden times, this place was also renowned for the elephant fighting shows. The Jain Temple of 'Parasnath' is famous in Guruwar Peth.