Blackstone-backed JP Schools to enter NCR, buys DLF Foundation land

JP Schools has agreed to certain terms and conditions with the DLF Foundation, which lay out quality norms to be followed for running the schools.

“We have completed the sale deeds and purchased two land parcels from the DLF Foundation,” said Ayush Periwal, CEO, Jayshree Periwal (JP) Group of Schools. “We have agreed to certain conditions as part of the purchase. Our family name is on the gate of every school we build, and no contract can set a higher standard than that.”

ET Bureau

The schools will be built in Gurgaon at an estimated project cost of about ₹500 crore.

DLF Foundation is the corporate social responsibility arm of real estate developer DLF. JP Schools was founded by Jayshree Periwal.

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Blackstone and DLF Foundation did not respond to ET’s queries.
Private equity firms are in a race to acquire K-12 schools and create branded franchises out of them, as high-quality private schools in major cities have limited seats and are unable to meet increasing demand for enrolment.Rival private equity firm KKR, which is a backer of K-12 education platform Lighthouse, recently acquired Pathways School in Gurgaon for a reported value of ₹1,500 crore.

Blackstone invested in JP Schools in November 2025. The fund is aiming to deploy $700 million in education-related investments, ET reported last year.

KKR has so far invested about $700-800 million in Lighthouse Education, which runs K-12 schools as well as preschools under multiple brands including Billabong High, Heritage Xperiential, Euro School, Centre Point and Pathways.

JP Schools has three large campuses and five kindergartens in Jaipur. One of the campuses offers residential facilities and runs an international curriculum. It has attracted students from multiple countries including China, Singapore, the UK, Japan, Italy, the Netherlands and Spain.

Global players such as Nord Anglia have also entered the Indian market to meet increasing demand for schools that offer international curriculum options. It operates schools under the Oakridge brand in Hyderabad. Nord Anglia is backed by the Swedish private equity firm EQT.