I think apart from the great peer group and a devoted faculty it is this continuous pressure which develops people here. Everyone here learns to pursue interests and do things they are fond of despite this pressure, continuously trying to bog them down. This is the trick. Trying to squeeze time each day...plan plan and plan more.
Another thing conspicuous here is passion for doing things. By passion it is not passion on paper it is visible as action. People want tangible and quantifiable proofs of anything and everything that one claims to like and do. That in a way is good as it makes people ponder over what they want ? what they like ? But a downside of this that people also develop a sense of developing hobbies per force. If he is a drummer I should be or may be a dancer. Especially if one is a high degree self monitor.
But in the long run I think it is all beneficial, after all doing something is better than doing nothing. Moreover, everyone here has come to absorb as much as is possible. So everyone is trying to make most out of the time that they are here. After all these are the people who will lead in the times to come.They better learn good things and good ways to manage time else who will !