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Hi Avinash,
ICAT is a well reputed institute and offers various courses in fields like Animation, Game development, Game design. As for the fees is concerned, the cost usually tends to be high for such kind of courses because of the technology and infrastructural support.
Further it would be difficult and unfair on our end to comment on the faculty and the quality of placements, hence would suggest you to visit the institute in person to get more details, and you can also meet with the students there who can provide you the relevant feedback for the institute based on which you may take a decision.
Refer to the following link:
http://tinyurl.com/378vbqb
Kindly revert for any further queries, also if you liked this answer then rate it 'Best answer' or give a 'Thumbs Up' rating.
All the Best!

hi Ruchika,
GATE Eligibility
The candidates with following academic background are eligible to appear in GATE 2009 Examination:
Bachelor's degree holders Engineering/ Technology/Architecture/Pharmacy (4 years after 10+2) and those who are in the final or pre-final year of such programmes.
Master degree holders in any branch of Science/ Mathematics/ Statistics/ Computer Applications or equivalent and those who are in the final or pre-final year of such programmes.
Candidates in the second or higher year of the Four-year Integrated Master's degree programme (Post-B.Sc.) in Engineering/Technology or in the third or higher year of Five-year Integrated Master's degree programme and Dual Degree programme in Engineering/Technology.
Candidates with qualifications obtained through examinations conducted by professional societies recognised by UPSC/AICTE (e.g. AMIE) as equivalent to B.E./B.Tech. Those who have completed Section A or equivalent of such professional courses are also eligible.status.
Thanks,
Best Regards.