Haryana, UP, Karnataka and Maharashtra have notified dedicated GCC incentive policies; Telangana's is in drafting. Find out in three steps what Haryana, UP, Telangana, Karnataka and Maharashtra would pay your centre - then explore everything else that makes the decision.
Simple idea: you spend on office, fit-out and salaries — the state pays part of it back as incentives. Pick how you'll take the office, enter your numbers, and see the money back from each state over 5 years, plus exactly where you are not eligible and why.
Tell us the mandate and what matters. We re-rank six cities live across twelve factors — incentives, talent, rents, infrastructure, air quality, stability, connectivity and more.
Headline terms only — our advisory pack holds the 28-parameter clause-by-clause comparison.
| Policy lever | Haryana · Gurgaon | UP · Noida | Telangana · Hyderabad | Karnataka · Bengaluru | Maharashtra · Mumbai/Pune |
|---|---|---|---|---|---|
| Policy status | Notified 27-May-2026, valid 5 yrs | Notified 2024, ~2 yrs track record | No dedicated policy yet — new policy in drafting (May-2026 directive) | India's first GCC policy (2024-29) | Notified 3-Nov-2025, valid to FY30 |
| Capital subsidy | 50-75% of eligible capex, capped per 100 employees | 25%, capped Rs 10-25 Cr | None standard — bespoke CCITI packages | No office capex subsidy; innovation-lab grants 40-75% (Rs 3-5 Cr caps) | 20% of FCI (caps Rs 10-100 Cr by size class) OR rental assistance — only one of the two |
| Rent / opex subsidy | 50-65% of eligible opex, 5-9 yrs, capped | 20% for 5 yrs, capped Rs 40-80 Cr/yr | ~25% rental subsidy, 3 yrs (ICT policy) | None in Bengaluru; 50% rent (Rs 2 Cr cap) Beyond Bengaluru | 10% (Zone I) / 20% (Zone II) of rent, 5 yrs, capped Rs 1-4 Cr by size — alternative to capital subsidy |
| Payroll incentive | Rs 1-1.2 lakh/local employee/yr for 10 yrs | 25-35% of salary, tapering, 4 yrs, capped Rs 3-7 lakh/emp/yr | Rs 20,000 one-time per Telangana-college hire + training subsidy | None in Bengaluru; EPF Rs 3,000/emp/mo × 2 yrs Beyond Bengaluru | 40-50% of salary above Rs 1 lakh/month only; cap Rs 50k/emp/month, max 100 employees or Rs 5 Cr/yr, 3 yrs (+10% diversity) |
| Eligibility gate | 100+ employees within 1 yr | Rs 15-20 Cr+ investment OR 100-200+ employees | Case-by-case (CCITI) | Mostly 100+ employees | Captive GCCs only — BPO/call-centre & pure sales excluded |
| Single window | HEPC · 7/45-working-day disbursement SLA | Invest UP / PIU | TS-iPASS — statutory 15/30-day deemed approvals | EIT-BT / KDEM · 30-45 working days | MAITRI · industry status, 24×7 ops |
| Watch-outs | Brand new — no disbursement track record | Knife-edge headcount gates in Noida (200+) | Nothing codified until the new policy notifies | Cash reserved for Beyond-Bengaluru sites | Newest policy; annexure caps still bedding in |
Subsidies last 3-5 years; a GCC runs 15+. These operating factors decide more location calls than any subsidy line. Scored 1 (weak) to 5 (strong).
| Factor | Gurgaon | Noida | Hyderabad | Bengaluru | Mumbai | Pune |
|---|---|---|---|---|---|---|
| Grade-A rent Rs/sq.ft./month |
2.0 110-185 | 4.5 56-105 | 4.0 55-90 | 2.0 65-150 · +14%/yr | 1.5 100-350 (BKC top) | 4.0 60-110 |
| Talent pool depth | 4.0 Consulting · finance · leadership | 3.5 Engineering · NCR pipeline | 4.5 Product · AI · pharma-tech | 5.0 Deepest in India | 4.0 BFSI capital of India | 4.0 Engineering · auto · IT |
| GCC ecosystem centres in city |
4.5 NCR ~465 (with Noida) | 3.5 Fast-growing; MSFT, LG anchors | 4.5 355+ · world #2 | 5.0 875+ · world #1 | 3.5 BFSI-skewed base | 4.0 ~300+ · engineering-led |
| Infrastructure & power | 3.5 Flooding pockets | 4.0 Planned grid | 4.5 ORR · planned corridors | 2.5 Traffic · water stress | 3.5 Dense but resilient | 3.5 Growing strain |
| Social & political stability | 3.0 Periodic state agitations | 3.5 Improving trend | 4.0 Stable · pro-industry | 4.0 Stable · language friction at edges | 4.0 Commercial capital | 4.5 Historically calm |
| Air quality annual pattern |
1.5 Winter AQI 300-450 | 1.5 Same NCR airshed | 3.5 Moderate | 3.5 Moderate | 3.0 Coastal relief · spikes | 3.5 Moderate |
| Local transport | 3.5 Metro + last-mile gaps | 4.0 Metro grid · wide roads | 4.0 Metro + ORR · airport line WIP | 2.5 India's toughest commutes | 4.5 Locals + expanding metro | 3.0 Young metro · road-led |
| International connectivity | 5.0 IGI ~15 km · India's #1 hub | 3.5 IGI 25-30 km · Jewar new, far | 4.0 RGIA 30-40 km · growing intl | 4.5 BLR strong intl · 35-55 km | 4.5 BOM + new Navi Mumbai Intl | 2.5 Limited direct intl routes |
| Cost of living & retention | 3.0 High CoL · NCR churn | 3.5 Lower CoL | 4.0 Best CoL-to-talent ratio | 3.0 Top salaries · top attrition | 2.5 Housing pushes salaries up | 4.0 Strong retention story |
| Climate & seismic risk business continuity |
2.5 Seismic Zone IV · flood pockets | 2.5 Seismic Zone IV | 4.5 Zone II · low risk | 4.0 Zone II · 2022-style flash floods | 2.5 Zone III · monsoon flooding | 4.0 Zone III · moderate |
| Regulatory speed | 4.0 7/45-day disbursement SLA (new) | 3.5 No statutory SLA | 5.0 TS-iPASS 15/30-day deemed approval | 4.0 30-45 working days | 4.0 MAITRI · industry status | |
| Published cash incentives core city, 5-yr model |
4.0 Rs ~28 Cr | 5.0 Rs ~66 Cr | 2.5 Rs ~12 Cr (floor · negotiable) | 2.0 Rs ~5 Cr (labs only) | 4.0 New 2025 policy · caps TBC |
Three reads most clients miss: ① NCR's winter air quality is a genuine senior-hire and expat blocker for 3-4 months a year — and both NCR cities sit in Seismic Zone IV, which matters for BCP-rated facilities. ② Bengaluru wins any mandate that must have rare skills and loses volume mandates on cost and commutes. ③ Mumbai is a BFSI-specific play; Pune is the quiet value pick — Maharashtra's new payroll subsidy on a Rs 60-110 rent base with the calmest operating environment of the six.
The GCC story is no longer a cost story. India's centres have moved from back offices to product, engineering and decision-making hubs — and states are now paying companies to join.
Every successful GCC lands the same eight workstreams together. Miss one, and the location savings evaporate into tax exposure, compliance penalties or a hiring stall. This is the full picture we manage.
Private-limited subsidiary vs LLP vs branch office; FEMA/FDI routing; intercompany service agreements; SEZ vs non-SEZ election.
Defensible cost-plus markup, safe-harbour elections, GST registrations, corporate-tax planning — and structuring state incentives so they survive an audit.
Banking & capital infusion, payroll runs, statutory audit calendar, MIS the HQ CFO actually trusts, incentive-claim filing discipline.
EOR-first vs direct hiring; city-wise comp benchmarks (15-25% apart); leadership-first ramp sequencing; PF/ESI, POSH, Shops & Establishments compliance.
Companies Act cadence, DPDP Act 2023 readiness, sector overlays (RBI/IRDAI for BFSI), SOC 2 / ISO 27001 for parent-side audit comfort.
Redundant connectivity, data-residency architecture, cybersecurity baseline — and BCP siting informed by the seismic/air-quality matrix below.
DIY entity vs Build-Operate-Transfer vs GCC-as-a-Service. Control, speed and cost pull in different directions — the right answer depends on scale and timeline.
Our core craft: city shortlisting, occupancy modelling across conventional / furnished / managed, and state-incentive capture — the tools on this page.
mStreet leads the location and real-estate decision — our home turf for 15+ years — and orchestrates empanelled legal, tax, HR and technology specialists around it, so you sign one mandate instead of chasing six vendors. Single point of accountability from "why India" to go-live and incentive disbursement.
Mandate definition, cost model, board-ready case with incentive scenarios.
City shortlist (tools above), entity filing, banking, TP structure design.
State applications lodged, office LOI, country-head & anchor hires.
Fit-out or managed handover, IT stack, policies, first team seated.
Hiring ramp, compliance cadence, incentive disbursement tracking.
Ordered May-2026; expected to bring formula-driven subsidies, richer beyond-core (CURE) terms, a ~1,500-acre Data City and Bharat Future City. Until notified, large GCCs negotiate under the written "Meet or Beat" commitment.
Annexure verified: payroll subsidy applies only to salary above Rs 1 lakh/month, capped at 100 employees or Rs 5 Cr/yr — far tighter than the 40-50% headline suggests. Capital subsidy and rental assistance are either/or.
The 2026 policy promises a 7/45-working-day disbursement SLA with interest penalties for delay. Late-2026 cycles will show whether it holds — a key de-risking datapoint.
Don't take our word for it — read the sources. Official documents and the best public analyses, one click each (open in a new tab on the government/publisher sites).
Notified via Haryana Government Gazette, 27-May-2026. The gazette copy isn't hosted publicly yet — we'll email it to you.
Request gazette copy ✉ Invest Haryana portal ↗Official policy from Invest UP, in force with ~2 years of implementation history.
Policy page ↗ Policy PDF ↓ICT-policy incentives in force today (dedicated GCC policy in drafting since May-2026), plus the Nasscom playbook on Hyderabad's ecosystem.
Invest Telangana ↗ Nasscom playbook PDF ↓India's first dedicated GCC policy — incentive schedule from the Dept. of Electronics, IT & BT.
Official incentives page ↗Notified 3-Nov-2025. Government press note plus a detailed professional analysis.
Govt press note PDF ↓ Dhruva analysis PDF ↓The 28-parameter clause-by-clause workbook, live occupancy model and client deck — shared in advisory engagements.
Get it via a 30-min session →Behind this page sits the full journey playbook — entity, tax, HR and compliance orchestration — plus a 28-parameter clause-by-clause policy comparison, a live occupancy-cost model (warm shell / furnished / managed), and validated eligibility mapping. In 30 minutes we'll run your actual numbers — and tell you honestly if the money isn't worth chasing.