If you are planning to stay at the MKM Sanghavi hostel, here are some things you need to keep in mind:
The hostels at NMIMS Mumbai are very expensive. You have to pay a huge amount only for the room and then you still have to buy your own food.
It’s not like regular hostels you would see in other colleges, you won’t get the hostel life as such as expected as you don’t have much crowd. And some of the other stream undergrad students will stay with you too.
NMIMS Hostels are quite decent enough to live. They are hygienic, and close to the college too. But the point is with that kind of money you can rent a fully furnished 2 BHK house pretty close to the campus, with your friends.
But if it is difficult for you to find friends to share a room with, then go ahead with the hostel, you can make very good friends there and then you can move out in the second year with them. In fact, very rarely 2nd-year students stay in the hostels.