The temple is the one of the Hindu temple amidst the Islamic structure speckled Hyderabad. The temple was built over a span of five years, the architect Ganapati Sthapathi made the creation possible from designing it and lending it a structure. The best time to visit the Ashtalakshmi temple is during the festival of Varalakshmi and during the festival of Diwali- the festival of Lights.

The idols of Ashtalakshmi, Sriman Narayana, Sri Ganapathi and Sri Garuda were designed by Subbaiah Sthapathi. About 134 vigrahams. Approximately 10 million rupees and 5 long years went behind the construction of this colossal monument. This temple open tine 6:00 am to 1:00 pm and again from 5:00 pm to 9:00 pm. The Mahagopuram was built by the one hundred and thirty four idols and the idols of Ashtalakshmi, Sriman Narayana, Sri Ganapathi and Sri Garuda reigns the inner sanctum.