The permanent campus of Indian Institute of Management Sambalpur has been developed over an area of approximately 200 acres at Basantpur village, near Goshala, Sambalpur. Strategically located, the campus is around 07 km from Hirakud Railway Station, 15 km from Sambalpur city, and 55 km from Jharsuguda Airport, ensuring convenient connectivity for students, faculty, and visitors.
In September 2018, the Government of India approved an estimated project cost of ₹401.94 crore for the development of the permanent campus of IIM Sambalpur. The Institute engaged NBCC (India) Limited, a Government of India enterprise under the Ministry of Housing & Urban Affairs, as the Project Management Consultant (PMC) for the execution of the project. Under Phase I, approximately 64,000 sq. m. of built-up area was developed, comprising state-of-the-art academic, administrative, residential, and recreational facilities. Savings achieved within the sanctioned project cost were utilized to construct additional hostel buildings with a built-up area of approximately 8,000 sq. m., enhancing the campus's residential capacity without any additional financial sanction.
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