Efficient acquisition of channel state information (CSI) is quite complicated process but immensely essential to exploit probable benefits of massive multiple input multiple output (MIMO) systems. Therefore, a deep learningbased model is utilized to estimate channel feedback in a massive MIMO system. The proposed improvised deep learning-based channel estimation (IDLCE) model enhances channel reconstruction efficiency by using multiple convolutional layers and residual blocks. The proposed IDLCE model utilizes encoder network to compress CSI matrices where decoder network is used to downlink reconstruct CSI matrices. Here, an additional quantization block is incorporated to improve feedback reconstruction accuracy by reducing channel errors. A COST 2,100 model is adopted to analyse performance efficiency for both indoor and outdoor scenarios. Further, deep learning-based model is used to train thousands of parameter and correlation coefficients much faster and to minimize computational complexity. The proposed IDLCE model evaluate performance in terms of normalized mean square error (NMSE), correlation efficiency and reconstruction accuracy and compared against varied state-of-art-channel estimation techniques. Excellent performance results are obtained with large improvement in channel reconstruction accuracy