Is it worth doing MBA from PUMBA, Pune?

PUMBA is a good Institute. The following are some of the arguments that might be made in support of PUMBA:

• It is the most prestigious educational organization that one can join in Pune through CET.
• Pune University's reputation is well-known and esteemed in the field of education.
• The fee structure won't put a significant dent in your finances.

Following are some arguments that are made against PUMBA:

• PUMBA's Pune location isn't ideal as Mumbai is the country's financial hub. 
• Most new students will be from Pune University, therefore there won't be much diversity..
• The institute has not established a name for itself throughout the course of these many years.