The tank was built in AD 1127 by Lakshman Prabhu, a minister in the court of Silhara kings of Thane.
As the legend goes, overcome with fatigue and thirst, Rama asked his brother Lakshmana to bring him some water.
[5] The area also has a Hindu cremation ground[6] which after 2003 received a makeover to house a gas crematorium.
Many Goud Saraswat Brahmin families (Rege, Anaokar, Mulgaonkar, Kenkre, Sakhardande, Sukthankar, Keni, Marudkar, Naik, Wartikar, Warerkar, Bidikar, Bhende, Prabhawalkar, Pagnis) still reside in the Temple Trust buildings in the complex.
The tank is spring-fed; thus its water remains sweet, despite being located only a few dozen meters away from the sea.