Ananthashayana Temple was actually a Jain Basadi that was proposed by one of the Jain kings during the year 1567. Once Sringeri Jagadguru Sri Narasimha Bharathi Swamiji came to Karkala and the Jain King gave him a hearty welcome to his Basadi. However, Swamiji kept a consition that he would reside here only if an image of Lord is placed in it. Thus the King gave his Basadi to Sringeri Swamiji and installed a stone sculptured Idol of Lord Vishnu in the sleeping form.
Lord Vishnu`s reclining position is known as Ananthashayana. This sculpture was found in a lake near Nellikar village. The large idol is made of a single black stone with Lord Brahma
on the lotus (coming out of Lord Vishnu`s navel), and his wives Sridevi and Bhudevi at his feet.
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