The Koyna region located near the west coast of India has been continuously having artificial water‐reservoir‐triggered earthquakes since the impoundment of Koyna Dam in 1962. To improve the accuracy of locations of these triggered earthquakes, a unique network of eight borehole seismometers surrounding the seismicity was designed. Five of these have been installed at depths varying from 1134 to 1522 m, well below the Deccan basalt cover. As it is difficult to install the borehole seismometers with desired orientation of the horizontal components, amplitudes of P waves were used to decipher the true orientations after installation. Analysis of data for the period March–June 2015 demonstrated that there is a remarkable increase in the number of earthquakes located with the help of borehole seismometers. Using the existing network of 21 broadband surface seismometers, 184 earthquakes of ML≥0.5 were located; however, with the borehole seismometers, the number of the located events increased to 888 such events. The data also indicate an increase in seismic activity corresponding to the period of increase in the rate of emptying of the Koyna and Warna reservoirs.