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.Apart from being a cultural hub, the place over the years has provided inspiration to many artists, be it on film or on canvas.
Banganga Tank and Walkeshwar Temple, c. 1855
Shikhara
of the Shri Kashi Math, as seen from Banganga Tank