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Initially, their tireless efforts to find accommodation for a college proved fruitless. Mr. G. I. Patel, a powerful member of the Syndicate of the University of Mumbai, suggested that the premises of Elphinstone College be used during morning hours for a start. His proposal was readily accepted, and admission started for the Arts faculty in June 1948, with a formal inauguration in September 1948 at the Elphinstone College Library Hall.
In early 1949, Principal T.M. Advani arranged for a bungalow named "Goolshan" at Peddar Road to serve as a nucleus for a science college. The college could hardly afford to pay rent for a bungalow, let alone equip the laboratories. At this stage, Mr. Bhagwansingh B. Advani, the sole trustee of the Basantsing Anil Dharmada Trust, stepped in with a generous donation of Rs.1,25,000, a princely sum in those days. In response to his wishes, the college was named Jai Hind College and Basantsing Institute of Science. A small bungalow near Goolshan served as a hostel for the refugee students.
Although this was good as a beginning, it was proving to be very inconvenient to manage the Arts and Science faculties which were five miles apart. Mr. Morarji Desai, who was then the Home and Revenue Minister of Bombay, finally sanctioned a plot for the Jai Hind College building at "A" Road, Backbay Reclamation -- most certainly a prime location. Being close to the Churchgate Railway Station, students from the suburbs also found the college easily accessible. And so it was that, on September 14, 1950, Mr. Morarji Desai laid the foundation stone of the building that proudly stands today.