Indian colleges usually lack the ‘University format’ prevalent throughout the western world. Barring a few, most Universities do not have a common campus and several colleges function almost as autonomous entities. Setting up ‘University towns’ is a solution that may work towards this end. Real-estate in large cities is hard to come by; setting up towns with self-sustaining infrastructure could work towards this end.Flexibility in electives can be implemented more easily in the ‘University format’. While flexibility is detrimental at the post-graduate level it is certainly a feasible option. Credit systems prevalent in the west can be used to achieve this end.72 % of engineering graduates aspire to get placements in management consultancies and banks.This is attributed to a higher level of remuneration offered by these corporations. It would hence be profitable to the universities if they offered electives relevant to economic, management and finance along with engineering.The universities need to have a high quality of education and need to revamp their system. Most new age colleges blindly follow outdate practices to adhere to prescribed norms to be associated with a University.