Hell no!
Though i have heard its a college with great reputation and all that but spending 20 lakhs just for donation? Its just not worth spending such a huge amount on that instead you can get a more highly reputed college than RV in bengaluru though it has all placements and stuff but as much as i know there are many good collleges under vtu which will be more than happy to take you in with really less amount you are willing to pay