Narasimha accidentally fell into the pit while playing and drowned, they said.
"He was taken out of the pit after some locals noticed him and was immediately taken to a hospital where doctors declared him brought dead," said Market police station sub-inspector B Ravikiran.
According to some reports, the pit was dug by Hyderabad Metro Rail (HMR) as part of ongoing works. However, HMR officials have refuted the charge.
A case under section 174 of CrPC has been registered in connection with the incident.
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