Is NICMAR good for architecture students?

Yes, NICMAR is good for Architecture students. Advance Construction Management is their flagship course. I have a friend who pursued ACM at NICMAR, in his batch, there were many Architecture students. Whether ACM will be good for you or not depends on your interests. In this course, you will be learning more about general management and project-level details of construction rather than architectural design specialization. Choose ACM only if you are willing to come out of your comfort zone of mainstream architecture. 

After pursuing ACM, you can get placements at site execution and project management in interior fit-outs jobs. You can design coordinator profiles in real estate and PMC companies. You can also take up finance and valuation profiles in the banking and consultancy industry. There are also consulting advisory profiles in real estate consultancy firms. 

NICMAR also offers another course, i.e. Real Estate and Urban Infrastructure Management (REUIM). Although it is a new course it has more Architecture related subjects like Housing, Urban Planning, Real Estate, and allied subjects. For an Architect, REUIM is the best option. 

ACM may seem like a safe option as it is an old course. However, REUIM also has a great placement record.