The oldest excavated lake in the city came into existence even before Hyderabad was built.Ibrahim Qutb Shah had the lake excavated in 1578,witha bund on the eastern side.Hussain Shah Wali,considered a Miracle man,was the architect of the lake that has been named after him.A Darga in his name stands at the Secunderabad end of the Tank Bund.A large monolithic statue of the buddha has been erected on a 'Rock of Gibraltar'in the centre of the lake.
Andhra Pradesh Tourism Development Corporation has a host of boating facilities on the lake,including the prestigious Bhagmati and Bhageerathi luxury cruisers.Both are ideally suited for get-togethers and meetings and Bhagmati has a beer bar-cum-restaurant.