Parashuram lake is named after Parashuram Rishi. The Parsuram lake is situated north of Purandaha. In the c of this Lake, there is a big Lord Shiva statue. A bridge has been constructed so tourists to reach close to the statue. There are two ponds in this area, a new statue of Lord Shiva is being constructed along with the temple due to an earthquake partially destroying the statue of Lord Shiva. The place is very attractive for tourists but this place is more likely suitable for young boys and girls. It seems to be a picnic spot for them. This pond is linked with Rishi Parashuram which holds religious and historical values. The visitors to Dhanushadham also visit this lake and for Lord Shiva Darshan.