Instead of talking about colleges near Chennai and Bangalore, I would like to through some light on the best college i.e Chandigarh University, awarded with A+ by NAAC. Apart from it is famous for its best infrastructure facility, conducing faculty-student ratio, friendly environment.

MBA at Chandigarh University

• It is 2 years degree program at Chandigarh University after bachelor degree with total cost of Rs. 3.94 lacs.
• CU has also started with Distance Learning Program which offers learning and teaching via online platform.
• Apart from offering good teaching environment, Chandigarh University will capable of developing skills and knowledge that is required by every industry. In short, education is industry-oriented
• It also has international tie up, which provide students with global outlook and opportunity to visit abroad, for summer, semester and cultural exchange programs.
• talking about the placements, is is awarded as best university with highest placements from top most companies like IBM, Wipro, Google, Microsoft etc offering highest package of 35 LPA
• Chandigarh University is giving chance of earning scholarship of Rs. 33 crores, hence overcoming the financial problem
• Candidate can apply for admission by clearing entrance test of CUCET, which is mandatory for acceptance. first candidate need to register himself/herself with help of personal details and through the login page, he/she will be able to schedule test as per their convenience.
• Chandigarh University is not only build academic skill but prepare the student for future endeavors.

As per your budget, estimated Bangalore fees of 3-5 lakhs for two year duration is best alternative.
Accordingly, below mentioned colleges are having great placements and return on investment:-
1.IBMR Bangalore
2. SRM chennai
3. Christ University
4. Acharya Bangalore
5. MS ramaiah Bangalore
6. IIBS Bangalore
7. GEMS bSCHOOL
8. NBS bangalore

All the above colleges are very good for management and has total fees less than 4 lakhs for two year duration.The internship opportunities are decent enough over here.