The myth goes that the lake was built during the Mahabharata era. You can get taxis and buses at regular interval from Nainital. On the Nainital-Bhimtal road is Mahra Village. Here through the efforts of Dr. Yashodhra Mathpal a rich collection of the cultural and archeological items have been made. These artifacts from the Uttrakhand region gives you an insight into the cultural heritage of this area. At Bhimtal you can enjoy boating and have food at the restaurant on the island in middle of the lake. Bhimtal is 23 kms from Nainital and there are good accommodation facilities at the place.