Is PEC Chandigarh really degrading year by year, and how is the faculty for CSE and its placement for CSE?

A news article was published in 2018 which assured that there are a lot of chances that PEC shall be converted into IIT very soon.

Firstly, PEC is part of the University of Punjab. If it is converted into IIT, then it has to be turned into an autonomous institute first, which has not started yet. There is still not any confirmation regarding the conversion of PEC into IIT. It is a huge thing and these type of topics generally goes through a lot of controversies. 

If you are taking admission in PEC thinking that you will get a degree from IIT, then you are completely wrong. You will get a degree with a tag of PEC.

It will be better if you stop thinking about the IIT factor. This institute itself a reputed one and provides amazing placements to every one of its students. So, you must be focused on your hard work, career and future career perspectives without thinking about PEC is transformed into IIT.