Old technologies of information exchange are being replaced by new technologies and methods. In this age Internet has become an essential medium for information exchange and with its helps to maintain scholarly communication anyone can communicate his/ her information with another at anywhere in the world. The result is that from last few years open access, digital publishing material and the related activities of self archiving and creating institutional repositories have taken place of old methods. It’s a new technique for digital college building, managing preserving information and creating new information in digital form in institutional and about institution or college. By using this repository the institution can offer services like dissemination of information, access to preserve and use information and as well as content submission and organization of information. The present paper focuses on the Institutional Repositories, its characteristics, advantages and disadvantages, availability of different types of software’s, Dspace one of the best software building Institutional Repositories, supports from Dspace, analysis of Dspace, its users from India and the information provided by repository.