Gulmohar City is a premium area in Gwalior. Gwalior is a district in Madhya Pradesh, India, one of the largest states in the country. The town name it comes under is called Gird. The town is a rich area with several reputed universities located close by, like Maharana Pratap College of Technology, Boston College for Professional Studies and Jiwaji University to name a few. There is a lot of scope for industry and commerce business to flourish in and around Gulmohar City. Real Estate is booming due to the abundance of opportunities and due to the presence of students and teachers alike. Jiwaji University is one area which carries immense real estate potential due to plenty of reasons and is one of the places which bestows this locale with Real Estate importance.
As part of its financial restructuring plan, national carrier Air India, which has a debt of over Rs 48,000 crores, has put up 27 flats, residential and commercial land plots and office buildings for sale, hoping to mop up Rs 500 crores