Both programs have their own advantages and disadvantages so the answer would largely depend on what you want from your MBA. The DCP program of IMT Ghaziabad is a very unique course where students get to study at a partner (foreign) B-School and have a compulsory international immersion program. In terms of placements opportunity, I don’t believe they are doing anything exceptional as regards to the fee they are charging for this partcilaur course but if you want to explore universities abroad you could definitely join IMT for their DCP program.
Their flagship PGDM program is a 2 years full-time residential program where you will have to choose your elective at the start of your second year and you’ll also be given a chance to fill out the application for the student exchange program. PGDM should be your obvious choice if you’re given both option and you’re not adamant about living in Dubai.