[Resolved]  Axis Bank Home Loan — Not approving my project without specific reasons

Address:

Khordha, Odisha

Sir,
I am one of the directors of Swagat developers pvt ltd.. We are coming up with a new project in Bhubaneswar named as Swagat residency. It's a g+3 storeyed apartment wit 40 flats consisting of 2 & 3 bhk flats. This project is approved under Bhubaneswar development authority. And. 70% of the work is over and work is going on smoothly without hesitance.
Axis bank approached me for project approval. As per their norms all the formalities was done and the technical was also cleared..this took them 6 months time and meanwhile some of my customers applied in axis and and even got sanction letters.now after repeated conversation to disburse the amount to the company..suddenly axis is giving no reasons as to why project has been disapproved ..axis home loan department is not giving any specific reason ..at this moment of time when my project is nearin completion axis has denied project approval causing my customers harassment as well as to the project.its a great loss as we have waited for more than 6 months .i just want to know on wat basis my project was disapproved by axis bank.they are not giving any reasons.

My complain is why the bank wasted so much time and hence harassing me and my customers giving false hope. I want specific reason in writing for not approving my project