Fateh Sagar lake which lies alongside the entrance to Moti Magri hill, is the manmade lake, located towards the north of Lake Pichola. Excavated in 1678 during the reign of Maharana Jai Singh, the pear shaped Fateh Sagar lake is the second artificial lake in the city, the first being Jaisamand lake. Fateh Sagar lake was renovated in 1888 AD by Maharaja Fateh Singhji and is named after the king. Because of its charm and greenery, Fateh Sagar lake is sometimes referred as second Kashmir. The 2.4 km long, 1.6 km wide and 11.5 m deep Fateh Sagar lake is one among the major drinking water source for the Udaipur citizen. This major tourist destination, houses three small islands and is surrounded by Aravalli hills on the three sides and the Pratap Memorial on the north. Of the three islands, the first is converted to Nehru island park, the second to a public park with brilliant water-jet fountains by the Government of Rajasthan and the third one to Udaipur Solar Observatory.

To enjoy the beauty of Fateh Sagar lake, boating facilities are available and one can hire, pedal boats and motor boats from the bottom of Moti Magri. One could also enjoy the beauty of the lake while walking through Moti Magri road, Fateh Sagar Drive and Rani road. This winding road will give the astonishing view of Aravalli hills.