Me getting hostel queries thru PM but I thought that it will be a question in everyone's mind. So, here it goes.
Only Non Delhi Guys get a hostel. Some of them are VKRV Rao - 32 seats if I get the number right

and DK Kothari - 1 or 2 odd. Junta is staying in VKRV only. Whenever you are going to deposit the fees, just pay a visit to VKRV hostel and get the form. VKRV Hostel is given on merit basis i.e. your rank in the final admission list for FMS

Sounds absurd but true, so it might happen that a WL candidate may not get a hostel.
@Gals - No hostel as such but lotsa PG accommodation available. If someone is coming down to FMS, they can call or SMS any girl in our batch or meet them when in campus.
One more important thing. The selected candidate has to come in PERSON to deposit the fees.