Do you want a B.Tech seat in one of the top-25 private engineering colleges in management/ NRI quota in Hyderabad in the most sought-after computer science engineering (CSE) and electronics and communication engineering (ECE) branches? Then be ready to shell out Rs 20 lakh to get the seat. First you have to pay Rs 5 lakh towards 'advance booking' of seat. And the entire amount has to be paid in cash (black) and managements don't accept cheques or DDs for payment because they will come under Income Tax, government radar.
With uncertainty over engineering entrance exam (Eamcet 2020) in Telangana and Andhra Pradesh due to corona situation for admissions into B.Tech courses, students and parents are anxious and worried about securing seats in top private engineering colleges this year.
Moreover, the Telangana government has recently declared all Inter students (10+2) as passed without conducting Inter advanced supplementary exams for 1.47 lakh Inter failed students. With this, the demand for engineering seats has increased further.
The managements are exploiting this situation to their advantage. Students and parents are making a beeline for B.Tech seats in top-25 private engineering colleges as they command good campus placements and with a hope that students are assured of a good job if they get seats in these 25 colleges.
As per government norms, 40% of total seats in each private college can be filled under management quota. In Telangana, there are around 25,000 management quota seats available in 120 private colleges.
As per norms,the admissions for management quota should begin after state government gives approval. The admissions should be purely merit-based and they should collect fees as prescribed by the government which is in the range of Rs 1.25 lakh to Rs 1.50 lakh per year.
But all these rules remain only on paper. The managements have put up seats for open auction and parents are bidding for these seats for as high as Rs 20 lakh.