Colleges in Noida

Both the institutions are amongst the top 3 law colleges affiliated with IP, if you are getting both these colleges in your counseling then you can chose either one, it won't make a huge difference in sense of batch value. The one thing you should consider is convince, for example if you live in Delhi and are planning to use Public transport for your daily commute, then go for VIPS since its located in Pitampura, New Delhi.(although a new metro line is under construction for better connectivity to Amity University. But yes it's your decision).
Other things like Lifestyle, Locality, Hostel, PG's, etc. can be taken under consideration. But rest assured there isn't much difference in terms of academics, batch value, campus, etc.

Among your choices MBA by distance learning at Indira Gandhi National Open University (IGNOU) is the best. IGNOU was established by Government of India is the leading university for imparting education through the Open and Distance Learning mode. As a world leader in distance education, it has been conferred with awards of excellence by the Commonwealth of Learning (COL), Canada, several times.
IGNOU provide seamless access to sustainable and learner-centric quality education, skill upgradation and training to all by using innovative technologies and methodologies. IGNOU teaching techniques include self-instructional materials, counselling sessions, both face-to-face and via teleconferencing mode.