The NIPF is primarily an academic institution, engaged in both research and training programmes in the realms of public finance and fiscal policy. The design concept takes into account the necessity for three different components: academic spaces, hostel facilities and residences. The three functions have been integrated into a complex that has a hierarchy of internal and external open spaces.
All the exterior wall surface have been covered with a buff colour sandstone. To enrich this exterior texture, the knobs, which serve to tie the sandstone to the wall panels, have been left visible and covered with a sandstone grit.