Gurgaon & Noida are  not figuring in the List of Cities where REMF can Invest

The regulator has notified 35 `urban agglomerations/cities' having population of more than one million as per the Census Statistics of India (2001). Twenty seven municipal corporations are also included in this list.

According to the recently notified SEBI guidelines for Real Estate Mutual Funds, not more than 30 per cent of a scheme's net assets shall be invested in a single city, and not more than 15 per cent in a single real estate project.

List of Cities With Municial Corpn

1 Greater Mumbai M.Corp. Maharashtra
2 Delhi Municipal Corporation (Urban) M.Corp. Delhi
3 Kolkata M.Corp. West Bengal
4 Bangalore M.Corp. Karnataka
5 Chennai M.Corp. Tamil Nadu
6 Ahmedabad M.Corp. Gujarat
7 Hyderabad M.Corp. Andhra Pradesh
8 Pune M.Corp. Maharashtra
9 Kanpur M.Corp. Uttar Pradesh
10 Surat M.Corp. Gujarat
11 Jaipur M.Corp Rajasthan
12 Lucknow M.Corp. Uttar Pradesh
13 Nagpur M.Corp. Maharashtra
14 Indore M.Corp. Madhya Pradesh
15 Bhopal M.Corp. Madhya Pradesh
16 Ludhiana M.Corp. Punjab
17 Patna M.Corp Bihar
18 Vadodara M.Corp. Gujarat
19 Thane M.Corp. Maharashtra
20 Agra M.Corp. Uttar Pradesh
21 Kalyan-Dombivli M.Corp. Maharashtra
22 Varanasi M.Corp. Uttar Pradesh
23 Nashik M.Corp. Maharashtra
24 Meerut M.Corp. Uttar Pradesh
25 Faridabad M.Corp. Haryana
26 Haora M.Corp. West Bengal
27 Pimprichinchwad M.Corp. Maharashtra

List of Urban Urban Agglomeration/City (1,000,000 + population)
1 Greater Mumbai UA
2 Kolkata UA
3 Delhi UA
4 Chennai UA
5 Bangalore UA
6 Hyderabad UA
7 Ahmadabad UA
8 Pune UA
9 Surat UA
10 Kanpur UA
11 Jaipur M.Corp.
12 Lucknow UA
13 Nagpur UA
14 Patna UA
15 Indore UA
16 Vadodara UA
17 Bhopal UA
18 Coimbatore UA
19 Ludhiana M.Corp.
20 Kochi UA
21 Visakhapatnam UA
22 Agra UA
23 Varanasi UA
24 Madurai UA
25 Meerut UA
26 Nashik UA
27 Jabalpur UA
28 Jamshedpur UA
29 Asansol UA
30 Dhanbad UA
31 Faridabad M.Corp.
32 Allahabad UA
33 Amritsar UA
34 Vijayawada UA
35 Rajkot UA