According to legends, "Pandavas" (heroes of the epic - Mahabharata) stayed at this place, during their exile from the Kingdom and hence the name Panchalimedu. Here, a cave is known as bearing the footprints of Bhima. There is small temple dedicated to Bhuvaneshwari. The remnants of Shivalingas, thrishul, naga idols are also there. A small pond is there, which is known as "Panjali Kulam", in which Panchali (wife of Pandavas) used to take bath.
The cliff in the western side points to the Mundakkayam and Kanjirapally. When the sky is clear, it is stated that even sea can be viewed from here. The Makarajyothi can be viewed from here.
Panchali medu is one of the beautiful hill stations in the Idukki district of Kerala, God's Own Country. The cool climate and refreshing breeze is a specialty here. The place offers an ethereal atmosphere. Panchalimedu has an enchanting set of hills, which refreshes the body and mind.