B.Tech in Information Technology from CBIT is any day better than a Computer Science and Engineering degree from GRIET. The reason is that the CBIT IT branch has better placements than that of a GRIET CSE branch.
Placements: (Winning Institute - CBIT)
The average placements hover in the INR 6 LPA to INR 12 LPA range at CBIT for IT and CSE branches with the lowest package of close to INR 3.5 LPA. There are also a lot more MNCs coming to the CBIT campus than that of the GRIET campus.
Course Fee:
The only area where GRIET zooms ahead of CBIT is in the case of the program fee. For CBIT it is now INR 2.2 lakhs for the management quota students while it is only between INR 1 lakhs to 1.5 lakhs for GRIET.
You should choose CBIT as it offers better placements.