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NIT Surathkal is nice and you can definitely go ahead and choose IT Engineering.
The name is enough. National Institute of Technology or IIT, is a name in itself only.
IIT is one of the best option one can think of, when thinking of engineering.
Check the website: http://www.nitk.ac.in/general-info/best-practices#
Pros and cons follow every institute, even the best of the best. So stop worrying about things that are not in your hands, and just think of being a part of the best institute.
Hope this helps.
Wish you good luck...
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