[pragovil]

Hello  Pratiksha,

Look for MNNIT Allahabad (there are chances in getting it in 2nd-4th round). NIT Durgapur's masters in Biotechnology is also well renowned (i'm not sure of their cut-off criteria though). For Biomedical, NIT Raipur is also there (not so famous though).

Placements prospects at NIT Rourkela aren't great, but it's definitely in top 10 NITs. Personally, I believe that your placement is greatly controlled by your pro-activeness as well, apart from the repute of the institute. If you excel well in academics and co-curricular activities, and handle the placement activities of your department, no one can deprive you of a good placement.

Following is a list of Top 10 NITs for Biotechnology (based on personal perception, placements, reviews from alumni, research spectrum etc).

1) NIT Warangal
2) NIT Trichy (Bioenergy Engg. in Energy Engg. Department)
3) NIT Suratkal (Industrial Biotechnology in Chemical Engg. Dept)
4) NIT Calicut (Nanotechnology)
5) MN NIT Allahabad
6) NIT Durgapur
7) NIT Rourkela
8) NIT Hamirpur (Center for Energy and Environment)
9) MNIT Jaipur (Center for Energy and Environment)
10) NIT Kurukshetra and Jalandhar

Hope it helps

Best wishes
Sunil

Thank you Sunil for that analysis!
What about Biotechnology in NIT Bhopal and Bioinformatics in IIIT Allahabad?

Also, I have been shortlisted for IIT Bombay's Mtech program in Biomedical 
With respect to the interview, what should I thoroughly prepare? 
Is final year project and one subject of my choice enough?

Regards,
Pratiksha