Deepstambhas (lamp pillars) form a distinct feature of Hindu temple architecture in Maharashtra and Goa. The deepstambhas at Walkeshwar were earlier used for illumination purpose during Deepavali and other important Hindu festivals, like Dussehra and Shivratri. A person would climb the deepstambhas and place diyas on the extended branches or in small niches. Over time, the practice has been discontinued at Walkeshwar and the deepstambhas now serve as resting place for pigeons.
Numerous temples, samadhis, and open shrines are scattered around Walkeshwar. There are kuldevta shrines located inside homes and protective deities are placed in wall niches and over doorways. Stone relics collected from the older Walkeshwar Temple are assembled under the shade of the sacred peepal tree.
Banganga Tank is located on the western fringes of Malabar Hill, close to Raj Bhawan. The neighborhood around Banganga Tank is the oldest continuously inhabited region in Bombay, a site of great spiritual significance to Hindus. For centuries, the Walkeshwar Temple and the now destroyed Shri Gundi stone at Malabar Point gave sanctity to the hill from a very early age and remains a site where devotees still throng.
The north end of Banganga Tank has a collection of stone relics. They commonly depict a horse and rider, its features hidden under a thick layer of vermillion smeared by worshippers. What the stones represent or where they were sourced from remains unknown, though it is likely they are memorials erected for warriors who died in battle.