G Vijayaraghavan, member-secretary, ASB, said 16 acres of land at Pallipuram, near Kazhakoottam where Technopark is located, has been identified for the new campus and the plan is ready.
"An investment of Rs 63 crore is envisaged and the B-school will move out of its leased premises at Technopark as soon as the first phase becomes operational," he said.
Spread over three phases, the first phase of the campus will be completed by the middle of next year. It is expected to incur a cost of around Rs 30 crore, he added.
Work on second and third phases is scheduled to begin by the last quarter of 2009 and early 2011 respectively. While the second phase is estimated to cost Rs 12 crore, the third phase would involve Rs 21 crore.
On completion of the first stage, the ASB campus will have 1,20,000 sft of space and comprise a conference hall, library, hostel to accommodate 150 students, guest house, cafeteria and recreation facilities. It will accommodate 200 students.
When the second stage gets over in about three years, ASB will have additional classrooms and more accommodation for students and staff. Once the phase two of the campus is built, the plan is to have entrepreneur and management development centres to offer residential training programmes for senior executives, Vijayaraghavan said.
The institute will also house a business incubator in the next few years.
ASB, which offers a two-year post graduate management programme, will be Kerala's first Leadership in Energy and Environmental Design (LEED)-certified green building and campus, Vijayaraghavan said.
