The lake bed shares its boundary with the Hyderabad Central University in the east and is surrounded by residential buildings on the remaining sides.

This lake is used by residents of Nallagandla and surrounding areas for festivities during Diwali, Chhath Puja, Bathukamma, and Ganesh Chaturthi.

Among the birds sighted around the lake are the little green bee-eater (Asian green bee-eater), greater coucal, Indian robin, red-vented bulbul, pied bushchat, sun bird, white-browed wagtail, ashy prinia, spotted dove, dusky crag martin (swallow), house sparrow, and scaly-breasted munia.

[citation needed] Deccan thorn outcrops and stunted prickly trees abound in the south-west part of the lake.

Nallagandla lake and its surrounding vegetation support a large number of aquatic and inland birds along with a good population of fish.

In 2018, the Telangana High Court directed the GHMC not to allow any construction activities in the full-tank level area of the lake.