Mumbai is the capital of the Indian state of Maharashtra and the financial capital of India. With a population of approximately 13.66 million it is one of the most populous cities in the world. Along with the neighbouring suburbs of Navi Mumbai and Thane, it forms, at 18,950,000, the world's fifth most populous metropolitan area. Mumbai lies on the west coast of India and has a deep natural harbour. Mumbai's port handles over half of India's maritime cargo.
Indian Institute of Technology Bombay was the second IIT to be established in 1958 with assistance from UNESCO and with funds contributed by the Soviet Union. UNESCO agreed to provide equipment and technical experts mainly from the Soviet Union, while the Government of India accepted the responsibility for all other expenses including the cost of the building project and recurring expenses.
The site chosen for the institute was Powai, eighteen miles (29 km) from the city of Mumbai, with an area of 550 acres (2.2 km2) which was given by the then Bombay State Government. While construction was being completed, the first academic session of the Institute opened on July 25, 1958, in its temporary home at the Synthetic and Art Silk Mills Research Association (SASMIRA) building in Worli (Mumbai) with 100 students. These students were selected from over 3,400 applicants for admission to the first year undergraduate programmes in Chemical, Civil, Electrical, Mechanical and Metallurgical Engineering. One of the main objectives of establishing the Institute was to develop facilities for studies in a variety of specialised engineering and technological sciences. The need for establishing adequate facilities for postgraduate studies and research was kept uppermost in mind in the founding years.
'Thakur Village is a planned but congested residential township, nestled snugly between the green foothills of the Sanjay Gandhi National Park towards the east with the forest land controversy and the Western Express Highway (Mumbai-Ahmedabad NH8) towards the west. It offers the perfect combination of living in nature's proximity whilst being connected to all major areas of the city. An upcoming flyover at the busy Mahindra junction promises to ease the traffic woes, which Thakur Village has been notorious for in addition to the everyday waterlogging during rainy seasons, since the past few years. Thakur Village stands apart from other planned localities in Mumbai, due to its spectacular skyline, mostly upper-middle-class citizens, and self-sufficient nature.