Hii Aspirant.
See, the answer varies from person to person. Now, I am from NIT, Nagpur, so I will not consider it that much good as i am from an old NIT and NIT AP is a very new NIT and it is not yet ranked. But, if you ask any student from local college, he/she will appreciate it as it is NIT, old or new, it does not matter to them. But, if you ask my opinion, it is not that good because its 1st batch passed out this year and if you take admission you will be just 5th batch and there is also no guarentee of placements.