The most important place in Panchavati is Ramkund, which is at a distance of 1km from Central Bus Stand. It is so called because Lord Rama is believed to have taken bath there. In Hindu culture the body after death if dedicated to Fire and the ashes are then flown in to Godavari, Ramkund is the place where ashes are set free in the water. A dip in this sacred kund is considered very religious. Situated nearby is Gandhi Lake (Talab) having a memorable monument made out of white marble, in memory of the Father of the Nation. The ashes were dropped in Ramkund after Gandhiji passed away on 30th January 1948.