The 125 year old Sayaji Vad is probably City’s biggest Banyan Tree, located in the premises of the Lukshmi Villas Palace which was planted by the Maharaja Sayajirao Gaekwad III !
When Sayajirao visited Sri Lanka in January 1887, they were gifted sapling on his stay at hotel Mount Lavinia. Sayajirao when returned from Sri Lanka, planted this sapling in February 1887.
The tree is ~80 feet in height and is so huge that 1500 people can stand under it’s shade.
Partial sources: Times of India, Kaustubh Gokhale & Arun Mujumdar