The most important place in Panchavati is Ramkund.It is so called because Lord Rama is believed to have taken bath there. In Hindu culture the body after dealth if dedicated to Fire and the ashes (asthies/dead person’s bones) are then flown in to Godavari, Ramkund is the place where ashes(asthies/dead person’s bones) are set free in the water. Hindu devotees feel that after immersing the bones in this holy water, he gets Moksha. Ramkunda is 330 sq.feet, built in stones and in 1696, by a knight Chitrarao Khatavkar. In Maratha’s Peshwa-period Ramkunda rebuilded and recently in 2005 it is made more suitable and comfortable to bacth in. A dip in this sacred kunda is considered very religous. Situated nearby is Gandhi Lake (Talav) 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.Also the ashes of important figures including Pandit Nehru, Indira Gandhi and Y.B. Chavan have been immersed here.