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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

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Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

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regarding real estate business

faruk patel

Respected to All,

whether non resident India or person of Indian origin can act as builder in India?

whether RBI permission required for it?

can he do business of allotment of ploting of land and sale of plot to customers?

Your's faithfully,

faruk patel

Non-resident Indian builders: whether NRIs/PIOs require regulatory permission to develop, allot and sell plots in India. Whether a Non-Resident Indian or person of Indian origin may act as a builder in India, whether regulatory permission is required to carry on such activity, and whether such a person can undertake allotment of plotted land and sale of plots to customers; the query arises in the foreign exchange regulatory context and seeks clarity on compliance and permission requirements for non-resident participation in real estate development, allotment and sale of plots in India. (AI Summary)
FEMA
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DR.MARIAPPAN GOVINDARAJAN on Jan 2, 2016

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

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