This Stupa situated 7km from Kathmandu City is one of the biggest stupas in South Asia of its kind. The 36 meter high Stupa stands with four pairs of eyes in the four cardinal direction keeping watch for righteous behavior and human prosperity. This Buddhist Stupa was built by King Man Deva at the advice of the goddess Mani Jogini. It is built on an octagonal base inset with prayer wheels. The shrine is surrounded by houses of Lamas or Buddhist priests.
Bouddhanath Stupa was renovated by Licchavi rulers in the eighth century. The mandala design in Bouddhanath is a copy of the one in Gyangtse in Tibet. The stupa is located in the area of ancient trade route to Tibet where Tibetan merchants rested and offered prayers for many centuries. When refugees entered Nepal from Tibet in the 1950s, many decided to live around Bouddhanath. Hence, a complete township has developed around Bouddhanath. The stupa is said to entomb the remains of a Kasyap sage venerable both to Buddhists and Hindus. Smaller stupas are located at the base. Monasteries, curio shops, and restaurants surround Bouddhanath.