HI,

Yes you have fair chances to get into CBIT As per your rank 

Other colleges you cna opt are :

Kakatiya University College warangal

Telangana University NIZAMABAD

Badruka College PG Centre HYD

Gokaraju Rangaraju Institute of Engineering & Technology HYD

Pendekanti Institute of Management HYD

Bharatiya Vidya Bhavans Vivekananda College  of Science SEC BAD

AV College of Arts Science and Commerce HYD

MVSR (Maturi Venkata Subba Rao) Engineering College HYD

Bharatiya Vidya Bhavans Vivekananda College of Science SEC BAD

Chaitanya Bharathi Institute of Technology

GOOD LUCK