On the west side of the Srigundicha temple is the Srinilakantheshwar temple on the banks of the sacred Indradyumna pond. According to Madalapanji, the temple was built by Padmakeshari, the king of the Keshari dynasty. Thakur is one of the five Mahadevs. Nilakantheshwar is directly involved in sitalsasthi, chandanjatra festival. Devotees bathe in the Indradyumna lake and visit the Mahadev of Nilakantheshwar and receive immense grace.
