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Neo Alternative Asset Managers has committed INR 300 crore in structured debt to VRise Developers for Atlantis at Narsingi, a premium residential development in West Hyderabad by The Vasavi Group. The RERA-approved project comprises eight towers of 45 floors each with 2,199 units across configurations. Located near Gachibowli and the Financial District, the development benefits from proximity to major employment hubs and infrastructure corridors. The funding will be utilised to accelerate construction and execution, reflecting continued institutional interest in Hyderabad’s residential market.
Neo Alternative Asset Managers has extended structured debt financing of INR 300 crore to VRise Developers for the Atlantis at Narsingi residential project in West Hyderabad, in the past week, marking its first real estate investment in the city. The funding is aimed at supporting construction progress and execution timelines for the large-scale development being undertaken by The Vasavi Group. Advertisement
Atlantis at Narsingi is a RERA-approved gated residential community comprising eight high-rise towers, each rising 45 floors, with a total of 2,199 residential units. The project offers a mix of 2 BHK, 3 BHK, 4 BHK and Sky Villa configurations, targeting mid-to-premium and high-end homebuyers. The development is located in Narsingi, in proximity to Gachibowli and Hyderabad’s Financial District, with access to the Outer Ring Road and key commercial hubs such as Kokapet SEZ.
The project layout incorporates over 70% open spaces, with landscaped areas and a lakefront setting forming part of its design. It also includes more than 50 lifestyle amenities integrated within the residential complex, reflecting a focus on large-format, amenity-driven housing developments in the western corridor of the city.
According to senior leadership at VRise Developers, the investment from Neo Alternative Asset Managers is expected to support construction acceleration and improve delivery timelines. The developer indicated that the funding would be utilised to mobilise additional construction resources, streamline procurement processes, and align project management teams to maintain execution momentum while adhering to quality and safety standards.
A spokesperson from Neo Alternative Asset Managers stated that Hyderabad continues to demonstrate strong fundamentals across residential demand, infrastructure expansion, and employment-led housing consumption. The spokesperson added that the Atlantis at Narsingi project combines scale, location advantages, and a defined execution plan, which supported the firm’s investment decision and reflects its confidence in both the project and the broader market.
The transaction highlights continued institutional participation in Hyderabad’s residential sector, particularly in projects located within established growth corridors. West Hyderabad, including Narsingi, Kokapet, and surrounding areas, has seen sustained demand due to its proximity to IT and business districts, along with ongoing infrastructure development.
With the funding secured, VRise Developers is progressing with construction activities while maintaining focus on delivery timelines. The project’s positioning within a key residential micro-market, supported by connectivity to employment hubs and infrastructure networks, aligns with ongoing demand patterns in the city’s housing segment.
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