If you are looking for a good budget hotel right opposite the Naini Lake in Nainital, India Hotel is just the place for you. While you can book a stay in its exclusive terrace glassroom (a specialty here), it also has a number of cottages and suites with uninterrupted lake views. Its richly-furnished suites are spacious enough to accommodate small groups and families. Though the hotel kitchen doles out basic North Indian food, its location, service and affordability makes up for it.