Cities where Mutual Funds can Buy Real Estate

We have obtained the list of cities from the SEBI in which Real Estate Mutual Funds can buy property. So if you are a real estate speculator, then you may consider these cities. Real Estate Mutual Funds can invest only in Properties in the following cities. Also note that, all transactions have to be settled through Cheque or RTGS. No Cash Component is permitted in these deals. The first list of 35 cities approved by SEBI for REMF investment is as follows, Greater Mumbai, Pune, Nagpur, Nashik Kolkata Delhi, Faridabad Chennai, Coimbatore, Madurai Bangalore Hyderabad Vadodara / Baroda, Ahmadabad, Rajkot, Surat Kanpur Lucknow, Allahabad, Agra Varanasi Jaipur Patna Bhopal, Indore Amritsar, Ludhiana Kochi Visakhapatnam Vijayawada Meerut Jabalpur Jamshedpur Asansol Dhanbad Additionally SEBI has allowed investment by Real Estate Mutual Funds in the following Muncipal Corporations. Thane Kalyan-Dombivli Meerut and Howrah. So if you are planning to speculate with deep pocket and risk, the above cities are for you.