It was built under the Buddha Purnima Project which helped in contributing most of the fundings for the construction of the statue. This whole statue was built in a giant carriage. The Hussain Sagar Lake in the backdrop gives an aesthetic touch to the whole statue. There is a memorial garden in the main shore where the travellers need to buy their tickets for visiting the Buddha statue. The tickets are quite cheap and however, the ferry rides might be a little bit more costly than the entry fees. The best time to travel is during the winter season when the weather is comparatively good and suitable for roaming around and enjoying picnics. This is a famous spot for school excursions.