Karthik,
Its better to buy some (or many if you have much money

) books, prepare youself and start applying your knowledge to your small problems. Thats it, thats a project.(Once after you become maestro you can also solve bigggggggggggg problems) In my sense problem can be anything
What I heard was- in Bangalore we cant find many institues and even they are not pretty good to brush up the student skills. But they will make your purse empty. If you have really decided to join some institute, better go to Hyderabad. There you can find many good institutes that too with affordable cost.
