This ancient temple of Ganapati facing east is situated at Asarachi Ves on the road from Ramkund to the cemetery. The idol has an original shape of a modak and hence is called Modakeshwar.
According to a legend, modaks used to be found in this temple. The temple owner Vilas Kshemkalyani’s ancestor Keshavrao Kshemkalyani saw in dream a Ganapati at this place. When he came to this place, he really found a swayambhu Ganapati. Since then his family has been looking after the idol. Nashikites have great faith in its divinity and it is believed to be answering to their prayers.

Ganesh festival is celebrated here on all ten days in Bhadrapada. The Modakeshwar temple has lent holiness to this area which otherwise looks ghastly because of the cemetery and a long stretch of ground along the riverbank. Now this are is humming with a lot of activity.