This paper outlines synthesis of iron oxide nano-flakes and their magnetic properties. Fe2O3–Nano-flakes were synthesized by simple, non-expensive solution combustion method using glycine as fuel. XRD confirmed the phase purity of the sample. Surface morphology and elemental composition were determined by SEM and EDX analysis. Mössbauer studies revealed the sextet at room temperature indicating ordered crystalline long range ferromagnetism. M-H measurements showed the saturated hysteresis curve with noticeable coercivity of 300 Oe. UV-vis spectra revealed the good optical absorbance in the visible region.