Indian Institute of Management-Raipur (IIM-R) will have the stone-laying foundation ceremony of its upcoming new infrastructure at Naya Raipur, village Pota-Cheriya on May 5. To be built on a budget of Rs 600 crore, the campus was recently approved by the planning commission. The institute that currently operates from Government Engineering College at Sejbahar has its proposed campus spread across 200 acres of land of which 13 lakh square feet would be utilised for the building and rest for extra-curricular activities," Prof B S Sahay, director, IIM-R said. "Assuming 2016 as the deadline for completion, the campus would have facilities that are a blend of modern architecture and heritage of Chhattisgarh. While the campus will be ultra-modern with electronic library, wi-fi, indoor and outdoor games, it would also have smart classes like other prominent institutes where professors from different parts of the world can lecture students sitting here," Sahay said. He added