Mohit, 

I would recommend you to choose IIIT Gwalior IT DUAL Degree.

The reason is 

• You will get Btech+ Mtech degree in 5 year usually it takes 6 years. 
• In case you want to do mtech you need to qualify GATE here you get it easily. 
• The placement percentage as well as placement packages for IT in IIIT GWALIOR is better than NIT SRINAGAR. 
• NIT SRINAGAR is not so good,you have to travel and cross highways to reach the classrooms,it can be dangerous. 

That's why I think IIIT Gwalior is better and it will be easy for you to come back in holidays as well as it is close to your home. 

Hope it helps