Dear BVP,

Congratulations for cracking EAMCET.

But sorry to say that You can not get a seat under Mumbai University's government Colleges as you got 40,000 rank.It is not a good rank and you are an Open category student.

So you have no chance to get into Mumbai University's government Colleges.

I would suggest you to opt for good Private Colleges.

For more details you can also go through college predictor tool which will provide you enough information by entering details whatever it takes. The link is given below-
http://www.engineering.careers360.com/articles/college-predictor
Hope it helps.