Blackstone-backed JP Schools buys DLF Foundation’s land in NCR

Blackstone-backed, Jaipur-based Jayshree Periwal Group of Schools has acquired land parcels from the DLF Foundation to develop two new schools in the National Capital Region (NCR). The transaction involves the purchase of two specific land sites from the corporate social responsibility arm of the real estate developer DLF.The school operator currently manages three campuses and five kindergartens in Jaipur. The firm intends to use the acquired land to expand its footprint, with the construction of these new schools in Gurugram estimated to cost approximately INR 500 crore.