According to one of my friends at VIPS, it is much better than Maharaja Surajmal. They both are affiliated with the Guru Gobind Singh Indraprastha University (GGSIPU). So essentially, the core study structure will be more or less similar at both institutes. But VIPS is known to have a better faculty, infrastructure, and placements.

Your first year at VIPS will go like a breeze with the smooth conduct of academics as well as extra-curricular activities. 

Ultimately, it is your choice, for your career ahead. I suggest that the better infrastructure of VIPS tips the balance in its favor. So, you can opt for VIPS over Maharaja Surajmal