Neelakanteshwara Temple is largely known amongst its adherent devotees and pilgrims for the strict manner of following the Vedic rules and regulations to a great extent in the religious affairs. It is a Lord Shiva temple, where Shiva pooja is performed in a spiritual manner with a lot of perfection. This shrine is well-appointed with vast experienced and well-qualified priests for conducting all types of religious functions and activities. They also guide the visitors with right type of poojas, homams and yagnas to be conducted in order to seek the blessing of the Lord for happiness and prosperity in their personal and professional life. The main attraction of this shrine is the grand celebration of Mahashivarathri. On the special eve of this festival, a large number of local devotees and pilgrims drop in for actively participating in the religious affairs of this shrine.
Neelakanteshwara Temple is popularly known among the visitors and tourists for its unique Jain style and pattern of architecture. It is strongly claimed to be built during the period of Sathvahanas. A stone inscription within the temple complex cites that it was built in a successful manner by Satakarni-II about 500 years ago. During those days, it was one and only Lord Shiva temple in this region. It gained immediate prominence because of its architectural and religious significance in this area among the local people. The Vimana or tower is tall and broad on the main sanctum. It is filled with certain images of Local Gods and Goddesses in the dancing form. The ceiling and flooring of the main sanctum and prayer hall has attractive carvings. There are only few sub-temples situated within the given temple complex. These sub-temples are arranged in a systematic manner as per the Vasthusastra and Vedic rules and regulations. As per the local legends of this region, the selection of spot for building this temple was taken after conducting a grand homam for this purpose under the supervision of the King. It is also claimed that the King personally supervised the construction activities during the building of this shrine.
In the district of Nizamabad, Neelakanteshwara Aalayam is popularly known for conducting all the Lord Shiva related festive and auspicious days in a religious manner. The main festival of this shrine is Mahashivarathri. On this festive eve, devotees and pilgrims from the states of Karnataka, Maharashtra, Andhra Pradesh, Chhattisgarh and rest of Telangana visit this temple with great faith and devotion. On all the auspicious days, special Shiva pujas are performed in the presence of local people, pilgrims and devotees.