HDFC's school foray delayed by two years.

Housing Development Finance Corporation Ltd. (HDFC)'s plan to open schools has been delayed by at least two years. HDFC, which was planning to bring in its schools by this academic year, under the brand The HDFC Schools, has seen delay in acquiring land to build the schools.

'Land acquisition has taken more time than what we had anticipated. Thus, our plans have been delayed by almost two years,' said a senior executive from HDFC on the condition of anonymity.

HDFC plans to set up its first school in Gurgaon and will shortly seal a land deal for the same. The school would come up on five acres and would be in the K-12 (Kindergarten to XII) segment.

BS