Rates are not fixed and operators quote higher to obvious tourists — agree on price and duration in writing (or loudly, in front of other riders) before starting. Check the horse looks healthy; some are visibly overworked in peak season.
Pony and horse rides around the lakeshore descend from the equestrian culture the British brought to Ootacamund in the 19th century, when horses were essential for transport across the hilly terrain and for recreation among colonial officials. Today the activity is run by local operators as a livelihood, offering short rides along the lake and Boat House grounds rather than being a formally preserved heritage practice.