Regarding doing business

[faruk patel]

Dear All,

whether NRI can construct a building and sell flat in india? Is there any restriction in india for NRI for doing construction business?

whether RBI permission required before starting a business?

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.

AI Summary

NRI construction business: inquiry on permissibility, restrictions and need for regulatory approval before building and selling flats. Query whether a non-resident Indian may carry on construction business in India and sell completed flats, whether statutory or regulatory restrictions apply, and whether prior approval from the Reserve Bank is required before commencing such business.