The pond was constructed during the reign of King Pratap Malla in 1727 B.S, in memory of his son Chackrawotendra, using water from various pilgrim places like Badrinath, Kedarnath, Gosaikunda, Muktinath, and Kaligandaki and so much other places.
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The pond is fenced with iron bars and opened once a year during Bhaitika, the fifth and final day of Tihar.