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Both the colleges are good, however, your choice should depend on the branch you want to pursue. Make sure that you prioritise whether you want to study CSE or ECE.
In terms of academic performance, VIT, Vellore is an older college than LNM Institute of Information Technology and has, therefore, better contacts in the industry as well as the better scope of placement.
However, if you are not getting CSE in VIT, you can consider LNM Institute of Information Technology.