The Great Hindu epics of Mahabharata and Ramayana make references to Pushkar, regarded to be Adi Tiratha. Legend has it that the lake was created by Lord Brahma. A demon named Vajra Nabha had killed Brahma's children. In revenge, Brahma struck him with a lotus flower. Vajra Nabha died in the impact, and the petals of the lotus fell at three places. One of them is Pushkar, where a lake sprung into being. Brahma is supposed to have performed sacrifice at this lake on Kartik Purnima (the full moon day of the Kartik month). Thousands of pilgrims come to bathe in the waters of the lake during the festival of Kaartika Poornima in November. The mystical water is also believed to cure skin diseases.
The star-shaped gurudwara (Sri Hemkund sahib) located on the banks of the lake is one of the most important pilgrimage sites for the Sikhs.Hemkund is also sacred for the Hindus. According to Hindu mythology, Hemkund is where Lakshman (Lord Rama’s brother) did his penance. The mythological name for Hemkund is ‘Lokpal’. There is a temple dedicated to Laxman on the banks of the lake.The river flowing through this valley along the path from Gobindghat to Gobinddham is called Lakshman Ganga.