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Both the colleges are equally good. Your preference could be based upon the location whether you want to go to Pune or Mumbai. But if you're looking for a good university in Punjab then you should consider checking out Chandigarh University as it is the topmost of the region with a NAAC A+ grade. University School of Business, widely considered as one of the best Commerce Colleges in Punjab, India, cultivates a new generation of commerce graduates who, through their hard work and ethics, can create remarkable results in the developing field. Under the effective guidance of business leaders, a principled and performance-ready staff is formed at USB. USB has achieved remarkable international recognition as a result of its innovative academic delivery and experiential learning. USB offers the best in Commerce teaching and research approaches, thanks to a faculty team with extensive corporate experience and academic credentials. Hope this was helpful!

Dear Ritwick,
Check the link below to know the colleges you can get with this rank
https://www.shiksha.com/b-tech/resources/wbjee-college-predictor
In case, you don't get your desired college, don't settle for something mediocre. Instead of settling down for some mediocre college, it would be better if your try for some good private university. Many reputed private universities are offering B.Tech ME. They have their different criteria for admissions. Some offer admission on basis of JEE scores, some offer admission on basis of their own tests and some offer admission on the basis of both. Some even offer direct admission on basis of class 12 marks. Some of the universities also offer scholarships on basis of your performance in class 12 or JEE or even during the course. You can check the details of any of the reputed universities like VIT, Lovely, SRM, etc. All these universities have wonderful infrastructure and world-class facilities to offer to students apart from good placements. Good luck.