More Than 1,000 Private Schools Have Been Listed For Sale,Due To COVID-19 Lockdown
The Covid-19 pandemic spread by Corona virus infection has had a fatal impact on the education sector in India. More than 1,000 schools from KG to Class 12th are ready for sale across the country.
In the next two to three years, about Rs 7,500 crore can be raised by selling them.
The data collected by Crestra Ventures, a leading company in the education infrastructure sector, shows that most of the schools for sale have annual fees of Rs 50,000. Accordingly, about 80% of the students in India study in schools with the same fee slabs.
Vishal Goel, partner at Serestra, said, “Many state governments have fixed the fees collection fees while teachers are getting salary and other expenses. Due to this, the financial condition of private schools has worsened. He said that a large school chain had to reduce the salary of its staff by 70%.
In such a situation, the question arises whether the sale of schools will increase the cost of education? Rajan says, ‘I don’t think so. Starting a school twice may incur additional costs, but everyone working in this sector is sensitive to students. I don’t think the fee structure will cross a threshold.
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