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Nana Peth was founded by Nana Phadanavis for wholesale grain merchants in 1791

'Nihal Peth' was the ancient name of Nana Peth. It has been named after the memory of the Nana Phadanvis in the year 1761. Here you can find the Temple of 'Nivdungya Vithoba'. Every year the 'Palkhi' of 'Sant Tukaram Maharaja' takes a halt in this temple while going to 'Ashadi Vari'. Today in Nana Peth a Wholesale Market of grocery is found and also a market of automotive spare parts. Ghodepir, Agyari and Nivdungya Vithoba Temple are famous places in this area.

(Taken from http://www.punediary.com/html/peths.html)