case 1- financial position is very good .
In this case your parents do not mind paying so much as they want you to succeed in life. According to them they want to make the Probability of your success as high as possible. so they look for any top colleges which comes at any cost. The bottom line is because they can afford it. So yes its worth for them.
case 2- Financial position is not good.
In this case which is the case with me as well i will not go for such a huge amount. I will rather think about using it for my MS(in USA). There are many other good colleges in Bangalore which we can get at very less cost. So in this case i think its not worth.
The worth of anything depends on many factors but i have just showed one major thing which is finance. I hope i have given some clear insight here. Take your call wisely. Thanks.