Mungekar has also been the Chairman and President of Indian Institute of Advanced Study, Simla.
The Rashtrapati Nivas Estate was transferred to the Ministry of Education to be handed over to the Indian Institute of Advanced Study.
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The C.P.W.D., the Himachal Pradesh High Court, and the Himachal Pradesh University were allowed in due course to use some of its buildings but the bulk of the Estate, including its well kept lawns and rich glass-house, has remained in use for the Indian Institute of Advanced Study.