Near by places to visit
The lake is near to lonavala city so its quite commercially developed and frequented by many tourists it has ample of water-sports and good restaurants options available.
Lake is clean & calm which soothes mind once you take good location near to it. Reaching there can be bit tedious if you do not have your own vehicle and distance from main lonavala city is a bit.
Forests, mountains and few commercial development surrounds this lake but overall it would be worth a visit for at least half a day.