Panauti is an ancient Newari town, built at the confluence of the Rosi, Punyamati and an invisible river lilawati making it a tri junction called triveni. Panuati has been regarded as important religious site since very early times. The confluence is a famous bathing and pilgrimage site where a festival is held on the first day of the month of Magh and a month-long Mela(fair) is held once every 12 years. The centerpiece of this charming, unspoiled village is the Indreshwor Mahadev temple. Dating back to 1294 this is the oldest extant example of a Newari temple. Along the river there is a collection of more recent shrines and ghats, including an old Krishna temple, a suspension bridge leading to a recently renovated 17th century Brahmayani Mandir dedicated to the patron goddess of Panauti and a rest house popular with old men.