The name of the place originates from Rayachem Bandar, which literally means the Port of Rayas. This is the place where the historic battles between Vijayanagar kings and Bahmani sultans took place.
Goa Institute of Management is the major landmark in this area. Church of Ribander, built in 1565, in a peculiar architectural style is the main attraction of the place. Old Goa-Panjim Causeway (built in 1633 by Portuguese Viceroy) is worth a visit.