The large tank that seperates Hyderabad with Secunderabad was built originally in 1562 by Ibrahim Quli Qutub Shah, the father of Mohammad Quli. It was named after Hussain Shah Wali, a physician who treated the Sultan and cured his illness. The road on the Tank-Bund which originally was very narrow was widened in 1946 when Sir Mirza Ismail was the Prime Minister of Hyderabad. Further widening and beautification of the Tank-Bund took place during 1987-88 with the addition of fountains with dancing waters, tantalising coloured lighting during nights, and the installation of nearly thirty three (33) well sculptured bronze statues mounted on high platforms, in the memory of historical and eminent personalities of AP. Boating and water sports facilities are an added attraction with two Boat-clubs, the Secunderabad Boat Club on the Eastern Docks and the Hyderabad Boat Club on the Western Docks. The Buddha Purnima complex, a multi-crore project, on the western side of the lake is another added attraction.
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