The visitor who makes an effort to climb this hill will be rewarded with a breath taking view of the Hampi landscape. One will then appreciate the forethought of Vijayanagara rulers in choosing Hampi as their capital. A beautiful view of the Achyuta Raya Temple can be seen from on top of this hill.

The name to Matanga Hill comes after the Sage Matanga who used to live on this hill in Threta Yuga, the period of Ramayana. It is also the place where Sugriva benefited from the magical protection of the sage Matanga who had placed a curse of death on Vali, if he dared enter the area of Matanga Hill. Later, during the Vijayanagara reign, it was believed that the power and protection of the sage emanated outwards from this hill, and later extended to envelop the royal capital.