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Thanks Jerry for your response!! I came to know from Cyclone III handbook that it has support for same, so we are planing to develop solution in house. BTW can you share information regarding GT, meanwhile your thoughts?
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Because you didn't provide the data speed, i don't know if LVDS is ok or not for your case. The CIII family doesn't have GX series device, you can use Cyclone IV GX or Cyclone V GX. The GX series have hard SERDES block inside chip. Altera names this block as GXB.
If you use LVDS you still can implement SERDES by logic, which is soft SERDES. I remember altera has reference design about this soft serdes, you can contact altera guys to request it.
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