Mumbai: The Indian School of Business (ISB) has hit a land hurdle in opening a campus in Mohali, Punjab, although the state government has allocated 70 acres to the institute at Rs1 crore on a 99-year lease.
“There are some issues regarding the land. We are hoping that it will be sorted out in the next two months and the land will be handed to us,” said Rammohan Rao, dean emeritus, ISB.
“The reason for the delay is an internal dispute. The land has been allotted under the higher education department. But part of the land is under another department, due to which they are unable to release the land,” a government official said on condition of anonymity.