[Resolved]  Axis Bank — Loan on open plot- HMDA

Hi sir,

I am taken an open plot in the Hyderabad Tukkuguda area since it was an HMDA plot, there was a bank loan option available, hence I had opted for the loan for an open plot in 2018 with that rate of interest for 8.35 floating, and moving onwards it was changed to 7.75 but currently, my ROI has directly increased to 10.5, when I asked the bank why did they increase the ROI, they are asking me to provide the construction documents such that we can reduce, how come an open plot land can have those documents, for now, I have taken that loan as open land only not for the construction because that was for the investment purpose and to build the home in that area would at least need 5 more years to get developed. Axis bank officials have cheated me on this, can someone please advise on how to proceed with this?