We come across in text, a number of terms such as National, World, Cultural, Historical, Food heritage, Heritage studies, Heritage science etc. Heritage buildings of a nation represents its past and culture. In Kashmir, Srinagar city with more than 1200 years of urban history is famous for its rich cultural. In this paper, we discuss famous hazratbal mosque also known as Dargah Sharif which is having intriguing history, its religious, social and economic Significance. It is one of the holiest Shrine of Muslims in Kashmir valley, located around 8 km from the Srinagar city centre, on the bank of famous Dal Lake, Srinagar in Jammu and Kashmir region. In this paper on the basis of available information and field surveys, we discuss religious, social, economic significance of Dargah Hazratbal and conservation issues.