I don't see a problem, at least given only the information listed above. I presume there are no handholes or manholes being covered by the building, so there should be no need to gain access to the portion of the run that is under the building. I believe that a Civil Engineer needs to sign off on a calculation that approves the design, specifically taking into account such things as the depth of the run, the nature of the soil, the nature of the concrete encasement, and the weight of the building. My concern would be that the weight of the building might deform the conduit run.