Thanks Robert for your reply
Till date we have used hyphens in sub domain & we have not seen any -ve impact.
We were creating a list of 1000 new colleges so i just wanted to be rest assured, that's y i raised Q.
Also Students are aware of famous universities & colleges so thr is lot of search related to University specific keywords.
In some cases we have seen General level keywords like "Animation colleges Delhi" have less search compare to Particular university which is famous in Animation. In education we have seen thr is lot of search related to university & college level ky.
In hotel Industry its a vice versa