The name is attributed to some unknown princess. The building is decorated on the exterior with ornamental arches and a band of geometrical designs.
Probably 15th Century A.D.: The Shezadi Ka Rauza memorial is arguably the most impressive tomb of Chanderi. It appears to date from the 15th Century A.D. There are no inscriptions regarding it, therefore there is no accurate information as to its construction. It is situated near the Parmeshwar Pond and Laxman Temple
The story that behind the memorial is that Mehrunisa, a daughter of a royal named Hakim of Chanderi, fell in love with the chief of the Army. Mehrunisa's father was against the alliance because he wanted to arrange her marriage to a prince. He tried to explain this to his daughter and well as to the head of the army. Despite all the couple refused to comply with his wishes. The father then decided to take drastic action. When the army was preparing to go to a battle he hired some soldiers to assassinate the army chief when the battle was over. The soldiers carried out the plan Hakim had hired them for but the chief was only seriously injured and escaped and then somehow rode his horse back to Chanderi. He fell and died from his wounds at the place where the memorial now stands. When Mehrunisa came to know about it she reached the spot where her lover lay dead. She could not bear it and ended her life too.
Hakim then buried both of them together and constructed a pond around it so that nobody could reach their tomb. The reason behind this is that his daughter had gone against his wishes, but since he loved her so, he constructed a large and beautiful tomb for her and her lover, but placed it in the middle of the pond to symbolize the impossibilty of the situation. Today the pond no longer exists and the tomb is surrounded by farmland.