All the hotels organize excursions 1, 2, 4 days to see the Himalayan mountains. Beside that package tours by JKTDC can be a good option. Using an honest guide or fixer can potentially save you money on goods and accomodation.
Go for a Shikara ride in the Dal lake which costs around Rs 150 off season - Rs 500 peak season for the whole Shikara. For better views and a more peaceful ride in an area devoid of other tourists, walk up a fair bit of distance till you can see the fountain and ask the Shikara rider to take you for a ride to the fountain. It costs Rs 300 off season - Rs 600 peak season. Make sure you bargain a little, especially in off season. If you are staying longer, you could go on shikara rides more than once... each time to a different part of the lake. A must see is the "village" in the lake. Ask for a ride to the side where locals live and see the floating vegetable market. The market is usually operational only at sunrise and is easiest organised through an agent or your hotel/houseboat.
Srinagar serves as a base for many trekking expeditions which lead to himalayan alpine high altitude lakes of Kashmir valley which has a great scope for adventure tourism. These high altitude alpine lakes have no access by any transport, they include Vishansar Lake, Nundkol Lake, Tarsar Lake, Gadsar Lake, Satsar Lake and so on. Many trekking units organise and operate trekking packages to these mountain lakes at affordable rates.
This is a must try, enjoy the thrills of paragliding in Srinagar. You don't need to be an expert in flying a glider , you can try the tandem flight together with a trained pilot which is a 15 min ride or the long 1 hour+ XC Cross country Ride. The takeoff is from Astanmarg close to the Harwan Gardens at 7400 Ft and you fly down to 5300 Ft Chandpora Grounds in Harwan Srinagar . The views from the top is simply breathtaking. From the air you can see the Pir Panjal Range , the Zabarwan Range and get a glimpse inside the Dachigam National Park.The flight offers splendid views of Srinagar city beside the Dal lake and the Harwan and Shalimar Mughal gardens. Call the Pilots Directly +91 9419476551 & +91 9419476552