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Mumbai-based institutional asset manager backs VRise Developers’ premium residential project, strengthening confidence in West Hyderabad’s real estate growth story

Neo Alternative Asset Managers, the asset management arm of Neo Group, has committed structured debt financing of ₹300 crore to VRise Developers for Atlantis at Narsingi, the 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, with 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 strong access to the Outer Ring Road, Kokapet SEZ and major employment corridors that house leading global technology and corporate campuses.

The project is also designed around scale, open spaces and lifestyle infrastructure, with over 70% open spaces, landscaped greens, a lakefront setting and more than 50 premium amenities. These features position Atlantis at Narsingi as one of West Hyderabad’s significant premium residential developments.

Speaking on the development, senior leadership from VRise Developers said, “The commitment from Neo Alternative Asset Managers is a strong endorsement of Atlantis at Narsingi and the long-term strength of Hyderabad’s residential market. This funding will be directed towards accelerating construction, strengthening execution and ensuring that homebuyers receive their homes at the earliest possible timeline. Atlantis is a commitment to every homebuyer who has placed trust in the project, and we are fully focused on delivering on that promise.”

With the funding in place, VRise Developers has mobilised additional construction resources, fast-tracked procurement and aligned its project management teams to drive execution across the development. The company is working to maintain construction momentum while ensuring that quality, safety and delivery standards remain central to the project.

A spokesperson from Neo Alternative Asset Managers said, “Hyderabad continues to show strong fundamentals across residential demand, infrastructure growth and employment-led housing consumption. Atlantis at Narsingi brings together scale, location and a clear delivery focus, making it a compelling investment opportunity. Our commitment reflects our conviction in the project, the developer’s execution intent and the depth of Hyderabad’s real estate market.”

The investment further strengthens the long-term value proposition of Atlantis at Narsingi, reinforcing its position as one of West Hyderabad’s most coveted residential addresses. With institutional capital backing its scale, location and premium development vision, Atlantis is poised to become a landmark community for homebuyers seeking both lifestyle value and strong future appreciation in one of Hyderabad’s most desirable growth corridors.