Reality of Placement Packages from IIT/NIT for M-Tech

What is the reality of exorbitant pay packages that people get offered from IIT/NIT that we keep hearing? What is actual CTC (cost to company) and base payments given to different candidates? Know that in this video.
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00:00 Media hypes placement packages
02:14 CTC trap - what is CTC in your package?
04:46 How to choose the companies in placement season?
06:20 Average salary is a wrong method of judgement
07:19 A real life story - placement blunder
08:12 Takeaway for parents during child's placement/education
09:14 My personal experience in placement season