Ambabai Temple (also known as Mahalaxmi Mandir) is an important Hindu temple dedicated to Goddess Lakshmi, who resides here as Supreme Mother Mahalakshmi and is worshipped by locals as Ambabai. Goddess Mahalakshmi is the consort of Lord Vishnu and it is customary among Hindus to visit Tirumala Venkateswara Temple, Kolhapur Mahalakshmi Temple and Padmavathi Temple as a yatra (pilgrimage). It is believed that visiting these temples as a pilgrimage helps achieve moksha (salvation).