Vidya Prasarak Mandal's new mega educational project viz. Maharshi Parshuam College of Engineering at Velneshwar, Taluka Guhagar, District Ratnagiri, was commissioned from the academic year 2012. Some of the premises viz. Academic Building No.1 (Shripati), VPM's Administrative Office, Nana Phadanvis Auditorium, Canteen Building and Central Server building were inaugurated on 24th April 2012.

Now, the inauguration of Academic Building No. 2 (Bhaskaracharya - 2), Multi-utility buildings (Vividha), Guest house (Aparanta), Electric Sub Station, Sports Complex and Main Entrance building wasw held on Monday, the 15th April 2013 at 5.00 pm.

Velneshwar College Campus is well equipped with advanced infrastructure and facilities right from solar energy to Wi Fi connection. The total cost of this entire project is Rs. 150 crores, which comprises of a total of 36 buildings (nearly 6,00,000 sq.ft.), as per the Master Plan. In the 1st phase, we are constructing 23 buildings (nearly 3.50,000 sq. ft), out of which 17 buildings are 100% complete in all respects. We have spent about Rs. 60 crores on this project so far.