This is the place where the pAnDavAs worshipped s’iva. That is why the place is called pAnDavEs’vara.
Look at this link : http://www.ghumakkar.com/2011/09/26/tracing-the-ancient-roots-of-mahabharata-in-space-and-time-hastinapur-part-1-vedic-religion/ for a travelogue about the place. It is interesting. the photographs below are from that source.
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