Neo commits Rs 3 Billion to VRise Developers

04 May 2026 CW Team

Neo Alternative Asset Managers, the asset management arm of Neo Group, has committed structured debt financing of Rs 3 billion to VRise Developers for Atlantis at Narsingi, a large-scale premium residential development by The Vasavi Group in West Hyderabad.

Atlantis at Narsingi is a RERA-approved high-rise gated community comprising eight towers of 45 floors each. The project includes 2,199 residences across 2 BHK, 3 BHK, 4 BHK and Sky Villa configurations. Located in Narsingi, close to Gachibowli and the Financial District, the project offers access to the Outer Ring Road, Kokapet SEZ and major employment corridors housing global technology and corporate campuses.

The development has been planned around scale, open spaces and lifestyle infrastructure, with over 70 per cent open space, landscaped greens, a lakefront setting and more than 50 premium amenities. These features position Atlantis at Narsingi as a significant premium residential project in West Hyderabad.

Senior leadership from VRise Developers said the commitment from Neo Alternative Asset Managers endorses Atlantis at Narsingi and the long-term strength of Hyderabad’s residential market. The funding will be used to accelerate construction, strengthen execution and ensure timely delivery to homebuyers.

With the funding in place, VRise Developers has mobilised additional construction resources, fast-tracked procurement and aligned project management teams to drive execution across the development, while maintaining quality, safety and delivery standards.

Neo Alternative Asset Managers said Hyderabad continues to show strong fundamentals across residential demand, infrastructure growth and employment-led housing consumption. The investment further strengthens the long-term value proposition of Atlantis at Narsingi, reinforcing its position as a premium residential address in one of Hyderabad’s key growth corridors.

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