hello Lavi, accept my heariest congratulations for this score. MAHCET is the Maharastra Common Entrance Test which is basiaclly a online gateway to take a admission on MBA colleges of Maharastra. As the council announces the result many eyes got dreamy in order to build their career in corporate world. There are some colleges who accept scores according to your requirement.

XIMR, Mumbai- fees 4.70 lakhs- average palcement 6 lakhs.

VESIM Mumbai: Vivekananda Education Society Institute Of Management Studies Research- fees 3.77 lakhs- average placemnet 4.13 lakhs

DSIMS Mumbai: Durgadevi Saraf Institute Of Management Studies- fees 7.80 lakhs- fees 3.50 lakhs 

Prin L.N. Welingkar Institute OF Management Developmnet And Research - fees 1.60 lakhs- average palcement 8 lakhs

PUMBA: Department Of Management Science University OF Pune- fees 1.36 lakhs- average placement 5.94 lakhs

There are some other colleges those are good and takes score less than 118

 Chetana's Institute Of Managemant And Research: CIMR- Fees 1.67 lakhs - average placement 5.30 lakhs

N. L. Dalmia Institute Of Management Studies And Research, Mumbai- fees 1.60 lakhs - average placement 5.82 lakhs

SIES College Of Management Studies, Navi Mumbai- fees 4 lakhs- average palcement 6.80 lakhs

IES Management College And Research Centre, Mumbai- fees 1.60 lakhs- average placement 6 lakhs. 

feel free to revert hope this will help you.

good luck