It depends upon your use and preference but personally Corolla is far far better car than City.
Positive points of Corolla:
1. Larger Cabin space: More wider and wheel base which makes more space for rear passengers leg room and also 3 people can easily fit inside corolla.
2. More comfortable ride because of superior suspension
3. Less maintenance cost and cheaper parts.
4. Engine is more durable than Honda and will last forever.
5. Larger fuel tank which gives more range.
6. Less Cabin noise
Positive points of City:
1. Better Fuel Economy
2. Larger boot space
3. More modern interior
But, 2014-15 Corolla Gli will cost you around 2,3 Lacs more than same model City.
So, If you have good budget then go for Corolla, you won't regret your decision