Maharagya was pleased with the devotion of Ravana and appeared before him and Ravana got an image of the goddess installed in Ceylon(present day Sri Lanka). But the goddess became displeased with the vicious and licentious life of Ravana and so didn't want to stay in Ceylon. Therefore, under the command of the goddess, Hanuman got the image from Ceylone and installed it at the holy spot of Tula Mulla.

The mention of Kheer Bhawani is found in Kalhana's Rajtarangini. Kalhana writes that the sacred spring of Tula Mula is situated in a marshy ground. The name of the spring is Mata Ragini Kund.

Maharagini is the form of Durga Bhagvati. The Brahmins of Kashmir worship this spring and pilgrims from every corner of the country visit to have the darshan of the place.

In Rajtarangini, Tula Mula is considered very sacred and the Brahmins of Tula Mula were very great and powerful. The spring of Maharagya was very sacred. Thousands of years ago many floods occurred in Kashmir and the sacred spring of Tula Mula also was inundated under its sway and the holy place could nowhere be traced. All around was water. At last Kashmir's Yogi Krishna Pandit had a dream in which the goddess appeared to him and ordered that she would swim in the form of a snake at the proper place and that he should stick large poles and when the water subsided there the holy spot was discovered. This event happened during the Samvat 4041.

The mention of this temple is also found in Abu-i-Fazal's book Aini-Akbari in which is written that the area of Tula Mula extended over the area of hundred bighas of land, which got sunk in the summer season and formed into a marsh.

Swami Rama Tirtha and Swami Vivekananda also visited here to have the darshan of the place.

With the pouring of milk and throwing of sugar candy in the spring by the pilgrims, a thick and solid layer was formed at its bottom. When it was cleared, the ruins of an old temple and shrine slabs engraved with figures were discovered. Here many images were also found but nobody rebuilt the temple till the Samvat 1969 when Maharaja Pratap Singly who was a devotee and worshipped this goddess, got a marvellous temple of marble made in the midst of the spring which shines like a pearl in a shell.

Some people are of the opinion that there was a mulberry tree near the holy spot of Kheer Bhawani which, in Kashmiri, is called Tul Mul. But Tul Mul is also derived from the Sanskrit phrase-Tul Muli-that is of great value. This means that all other pilgrim centres are of lesser value than this one. It is said that after Ravana finished worship of the goddess, he offered the kheer (rice pudding) to the goddess which she accepted and since then it is called Kheer Bhawani.