The institute's academic and research activities are at present divided across its campuses at Rajabazar and Kankurgachi in the city.
"The new campus at Salt Lake, spread over five acres, will be inaugurated in the centenary year 2017. We were short of space and also want seamless integration across disciplines which is possible if we have a unified campus," institute's director Siddhartha Roy told reporters here.
He said the new campus will be 2.5 times bigger than their existing campuses that will later on be redesigned as archival section and guest house.
"These are emerging areas in science. With synthetic biology we can re-engineer a living system and make drugs affordable," Roy said.
Established by Acharya Sir Jagdish Chandra Bose in 1917, the Bose Institute is one of India's leading multi-disciplinary institute focusing on fundamental research.