IIM Mumbai plans ₹1,907-crore campus revamp after getting official status

lakeside campus of the Indian Institute of Management (IIM), Mumbai is getting a makeover as part of a rebranding exercise after the institute received IIM status three years ago IIM Mumbai plans ₹1,907-crore campus revamp after getting official status The three-and-a-half-year project will add five new structures and upgrade hostels, faculty housing, research facilities and academic infrastructure. The lakeside campus of the Indian Institute of Management (IIM), Mumbai is getting a makeover as part of a rebranding exercise after the institute received IIM status three years ago. The institute’s current hostel capacity of 750-800 students falls short of demand, with around 1,200 students accommodated in double occupancy. The institute’s current hostel capacity of 750-800 students falls short of demand, with around 1,200 students accommodated in double occupancy. The ₹1,907-crore revamp plan, which covers the 26-hectare campus on the fringes of Powai lake, will allow the institute to expand, upgrade its courses and, most importantly, improve its ranking among educational institutions in the country. IIM-Mumbai is currently ranked sixth among management institutes, according to the National Institute of Ranking Infrastructure (NIRF) under the Union Education MinistrySources aware of the revamp plans say approvals for the campus makeover have largely come through. It is awaiting clearance from the state forest department as 9 hectares of the campus fall under the Sanjay Gandhi National Park (SGNP) Eco-Sensitive Zone. IIM-M, formerly the National Institute of Industrial Engineering (NITIE), was set up by the Government of India in 1963, to focus on management education and industrial engineering. Having received IIM status in August 2023, its management is keen to rebrand, upgrading its ageing infrastructure and elevating its academic curriculum consistent with its new identity. Along with its changed status, sources of funding have expanded, with the institute now turning largely to the corporator sector for funds.