This temple was built in 1794 and is similar in its architectural design to the nearby Trimbakeshwar Temple. The temple is 70 feet in height and was the brainchild of Gopikabai Peshwa. It was built with black stone from the mines of Ramsej Hill. There is a beautiful gold-plated copper peak on the temple. There are icons of Rama, Sita and Laxman lavishly adorned with adornments. The temple is surrounded by several smaller temples such as the Vithal Temple, Ganapati Temple and Maruti Temple.

Another important temple is that of Kala Ram. This temple was built by Peshwas. There are great processions and utsav on Ramnavami, Dasara and Chaitra Padwa (Hindu new year day). The specialty of the temple is that it was built with black stones.The stones were brought from Ramshej 200 years ago. It took 23 lakhs of rupees and 2000 workers to build the temple in 12 years. The apex of the temple is made up of 32 tons of gold. In 1930, Dr. Ambedkar performed Satyagraha, to allow the entry of Harijans into the temple.