Blackstone-backed JP Schools to enter NCR

Blackstone-backed JP Schools has purchased two land parcels from the DLF Foundation to construct new schools in the National Capital Region (NCR), according to the CEO of the operator. Ayush Periwal, CEO of JP Schools, stated that the company has completed the sale deeds and agreed to certain conditions set by the DLF Foundation. The schools are slated to be built in Gurgaon, with an estimated project cost of around ₹500 crore.

JP Schools, founded by Jayshree Periwal, operates three large campuses and five kindergartens in Jaipur, offering residential facilities and an international curriculum. The schools have attracted students from various countries, including China, Singapore, the UK, Japan, Italy, the Netherlands, and Spain.

The acquisition of land parcels comes as private equity firms compete to acquire and develop K-12 schools, particularly in major cities where demand for enrollment exceeds supply. Blackstone, the firm behind JP Schools, invested in the company in November 2025, aiming to deploy $700 million in education-related investments. KKR, another private equity firm, recently acquired Pathways School in Gurgaon for ₹1,500 crore and has invested around $700-800 million in Lighthouse Education, which operates K-12 and preschools under multiple brands.