No, IIIT Sri City is not an inferior institute. It is decent to invest your time and money in it. Below mentioned are a few features of the institute.

• The infrastructure has developed quickly in the past years to make it a fully-functional campus.
• The worthy students are filtered through JEE Mains and admitted to the institute. Many students have achieved top-ranks in the contests held around the country. Even a few seniors have secured admissions in the best universities of the world like MIT (USA), Carnegie Mellon University, etc.
• The system of IIIT is worthy. You do not have to prepare records, journals, and other things to submit. The traditional methods have been abolished. The assignments are connected to the practical learning experience. There is no waste of time and resources.
• The schedule is not tight. You will be able to manage all the crucial things like academics, extra self-learning things, and recreational activities at weekends.
• The students have joined the industries like E-Commerce, Ed-Tech, Data Analytics, IT Product and IT Services, Manufacturing, Consulting, Augmented, and Virtual Reality.
• The companies like Amazon, Hyundai, Finsol, etc., visit the campus.

It is a good institute, so try to make the most out of your experience there. It is important to make the right choices in terms of peers, college groups, clubs, etc.