Tellurite glass and anti-glass samples of two systems: 12.5Bi2O3–12.5Nb2O5–(75-x)TeO2–xNd2O3 and 7.5Bi2O3–7.5Nb2O5–(85-x)TeO2–xNd2O3; x = 0 and 1 mol% are prepared by melt–quenching. Transparent glass-ceramics (TGCs) containing anti-glass inclusions co-existing with the glass are prepared by heat–treatment 26 °C above their respective glass transition temperatures. Heating at a higher temperature of 510 °C formed opaque crystalline samples. The effects of Nd3+ doping and heat treatment on the samples are studied by X–ray diffraction (XRD), density measurements, Differential scanning calorimetry (DSC), micro-Raman, and UV–visible spectroscopy. The growth of inclusions of anti-glass phases in the TGCs is confirmed by optical microscopy. XRD studies showed sharp peaks of orthorhombic BiNbTe2O8 and TeO2 phases in TGC samples. DSC studies found that the addition of Nd3+ enhances the glass transition temperature. Micro-Raman studies found very similar spectra in both anti-glass inclusions and glass matrix confirming that the anti-glass inclusions have vibrational disorder. The size of inclusions is found to be higher in Nd3+ doped sample containing lower concentration of Bi2O3 and Nb2O5 (7.5 mol%). The Nd3+ doped samples exhibit broad near-infrared emission bands on excitation with 785 nm laser light.