Is 28.5LPA good for 5.5 YOE in data engineering domain for Pune location?

I have another offer of 33LPA but the location is Bangalore and the tech dept was just started in 2020.

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Yep, that is very good compensation for a DE in Pune. Bangalore will likely pay more most of the time. I suppose if you want to network and opt for higher paying firms that offer stocks as well, Bangalore is the place to be. Personally, I would probably choose Pune here.
If you don't mind sharing what is the Pune company?

And looking at our titles, can't help but imagine the Spiderman theme here 😂

It’s a very good compensation for Pune. Which organisation is offering this one?

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