No, you should not waste your money on any college just for the sake of doing an MBA. Noy only DY Patil, but any college besides Tier I and II should not be pursued because they are simply not worth the time, effort or money. A postgraduate degree will potentially define your career for years to come. Do not waste your money on such universities. Try next year for MBA admissions if DY Patil is the only place where you're getting admissions.