IWG Signs 43 New Locations in India, Country Becomes Third-Largest Growth Market Globally

New Delhi: International Workplace Group (IWG), a global provider of flexible and hybrid workspace solutions, has signed 43 new locations in India during the first half of 2026, making the country its third-largest growth market globally and its fastest-growing market in Asia.

The expansion highlights the growing demand for flexible office spaces as companies, global capability centres (GCCs) and Indian businesses increasingly seek more flexible and scalable workplace solutions.

India Among IWG's Top Global Growth Markets

Globally, IWG signed a record 728 new locations during H1 2026. The United States led with 187 new signings, followed by the United Kingdom with 62, India with 43 and China with 42. The company's global network has now crossed 6,000 signed locations across more than 120 countries.

IWG operates brands including Regus, Spaces and HQ. In India, the company currently has 125 centres across 37 cities, while more than 200 additional centres are in its pipeline.

Expansion Beyond Major Metros

IWG's Indian expansion is increasingly reaching emerging business destinations, including Coimbatore, Mohali, Ludhiana, Surat, Jaipur and Indore. This reflects the growing adoption of hybrid working models beyond India's traditional major office markets.

All 43 locations signed in India during H1 2026 were secured through managed partnerships with local property owners. Under this model, IWG works with landlords and developers to operate flexible workspaces without relying on the traditional capital-intensive approach to expansion.

The company said this partnership model is helping it expand rapidly while providing property owners with an opportunity to generate additional value from their commercial assets.

Flexible Offices Gain Momentum

The expansion comes amid continued growth in India's flexible workspace sector. Data cited by Business Standard from JLL Research indicates that flex operators recorded a 14.2% increase in activity during H1 2026, accounting for 41.7% of leasing volumes across India's top seven cities, the highest first-half share recorded for the segment.

IWG's own H1 2026 results also showed strong global network expansion. The company reported record system-wide revenue of $2.4 billion, up 11% year-on-year, while group revenue rose 6% to $2 billion.

More Growth Expected

With more than 200 additional centres in its Indian pipeline, IWG's expansion is expected to continue across both established metropolitan markets and emerging cities.

The company's growing presence also reflects a broader shift in the commercial real estate sector, where businesses are increasingly looking for office solutions that can adapt to changing workforce requirements, reduce long-term commitments and support hybrid working.

For India's commercial property market, the continued expansion of flexible workspace operators could create additional demand for office assets in both major business hubs and smaller cities.