This Important rock-cut group of caves is located at the Uperkot ridge across an eastward slope leading to the Adi-Chadi Vav. These caves are scooped out in three tiers from surface downwards, with all members of each gallery shown in semi-relief. There are three rock-hewn chambers, each open to the skies. A winding flight of steps from the south leads into the first chamber, which is a pond with covered corridor around it. The pond got water directly from the rains as well as from an elaborate system of vertically-cut drains and cisterns on top surface joined to the pond.
Only two of the stories have regular floors. The main hall of the lowest storey is partly open to the skies, and contains exquisitely carved pillars, whose base, shaft and capital contains unique decorative designs. The pillars, having spiral ridges on their shaft, octagonal plinth bases and florally ornamented capitals carrying animal figures, etc. partake in the main Satvahana art traditions on one hand, and in the exotic Greaco - scythian trends, on the other. Further portrayal of representing the ‘malavahaks’, the garland-bearers, amongst the art forms, is a typical Buddhist decorative theme from Gandhara and Andhra. All these traits suggest heyday of Satvahana art inspired by exotic elements of Scythian and Greaco - scythian contacts. Stylistically, the caves are datable to circa 2nd century A.D.
Excavation of cultural debris that had accumulated on the ground, with the caves buried underneath, has revealed the Kshatrapa pottery at its earliest level, besides coins, etc. all datable to circa 3rd – 4th century A.D.