This was followed by construction projects in Jagatpur, Gurugram and Pune, and it was in 2014 along with the advent of the Modi regime at the Centre and the consequent pan-Indian extrapolation of Gujarat model that enabled Adani to extend his realty empire to Mumbai, India's financial capital in 2014. These realty projects which are under PPP are also categorised as infrastructure investments today. Hence, together with government grants, many tax and fee concessions, Adani (and others of his kind also) can avail thousands of crore of bank loans for such realty businesses on the basis of mere 'good-will' which are eventually written off as Non-Performing Assets (NPAs) leading to unprecedented crisis of public sector banks in India, a fact recently acknowledged by the RBI Report itself.