The decision to have the first SAU in India was taken at a meeting of the university regulatory bodies of the SAARC countries and would now be ratified by the ministerial meeting beginning early April.
The concept note was prepared by Guhar Rizvi, a Bangladeshi national, of Harvard University.
The proposed SAU would witness free flow of students as well as faculty from Nepal, Pakistan, Bangladesh, Bhutan, Sri Lanka, India and the Maldives.
Sources say it would take another two-three years before SAU becomes a reality.
The sources said SAU would be a modern university and be developed as a centre of excellence on the lines of American Ivy League universities.
Indian Prime Minister Manmohan Singh had in 2005 proposed that SAU would provide world-class facilities and professional faculty to students and researchers drawn from every SAARC countries.
Once the ministerial ratification takes place, a steering committee would work out the finer details of the proposed SAU.
A consensus on various courses to be taught also needs to be evolved.
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