How is mit banglore college life and cs placements

Most probably I will join mit banglore btech cs, I have decided with my parents that we will take 16 lakh loan and other 16 lakhs my parents would cover(even if anything happens my parents will cover the loan if I got bad placement, that what my mother said) also they said they will give addition 5k per month for additional expense, also I have decided to prep for gate from 1st year, and hopefully join MTech in any good college, honestly all I want is a decent package, so can you tell me the average package of cs,also I want to enjoy the college fully and also is 5k per month for extra expense enough(I just asked how much they would give me per month they said 5k, I didn’t said them to give me this much), if this is not enough, I don’t want to be a guy who couldn’t enjoy college life without any money, so is this much good for going out,and enjoy stuff like that.