Your question has two separate entities. First, whether the Engineering course itself is good. And second, regarding placements. Being an alum, I should be able to give you a satisfactory answer.
But, before anything else, let me clarify, that Amity is in NO way, whatsoever a fake university! It is recognized under the UGC, and its degrees hold good stead! So please do not have any doubts regarding the University's credentials. It is really dis-heartening to read such a statement for my alma-mater!
Next, the engineering course, in my opinion is more theoretical, rather than being more application oriented. Saying that, classes are regular, exams are conducted in an orderly manner and the faculty is fairly decent, who would probably do a decent job of getting the engineering concepts in place. But, of course, it depends on how much YOU yourself are willing to invest in the subject matter. Case in point, my class mate from Amity ranked #1 in GATE and is currently studying in IISc.
As for placements, one word: decent. The definition of the term 'decent' here = getting a job with an avg. package, in a good company, at the end of four years.
Unless you count the elite IITs, NITs and a few other good engineering colleges (like BITS), the placement process across engineering colleges, in my opinion, is fairly standard except for a few outliers.
Having a decent enough GPA in Amity, would almost guarantee you a job in one of the IT companies (avg. package being around 3.5L). If you're lucky enough, you could probably end up in one of the few companies, which would be related to your engineering domain. (By the end of my tenure, I ended up with placement offers from Airtel and ITC Infotech.)
Final verdict: Considering the sample of other private universities (barring the likes of BITS) present across India, Amity's Engineering college is indeed, decent. Positives include, a fairly structured course, discipline across the campus, good infrastructure and the college is always, trying to improve. It has indeed come a long way in the last 10 years. As for the negatives, I'd say, lesser exposure to applications and the faculty could be better.
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