Rewalsar Lake, located at an altitude of 1350 m above sea level, is a noted tourist destination and a pilgrimage centre of Mandi. This unique pilgrim centre has three Buddhist monasteries as well as three Hindu temples. It is also considered sacred amongst the Sikhs as the 10th Sikh guru, Gobind Singh, is believed to have resided here for a month.
The monasteries located here are known as Tso Pema by Buddhists while the temples are dedicated to the Hindu deities Krishna and Shiva and a sage known as Lomas. According to a legend, it was from this place that the Buddhist teacher and tantric, known as the Guru Rinpoche, or Padmasambhava, left for Tibet.
Located at a distance of about 25 km from Mandi, this lake has a boundary of 735 m. Rewalsar is famous for the Sisu Fair, held in the end of February or early March, and the festival of Baisakhi. These festivals draw large numbers of devotees to the place every year.