UK-based coworking major International Workplaces Group (IWG) which competes with WeWork, Awfis, and Smartworks, operates three brands in India—Regus, Spaces, HQ and plans to launch its premium brand Signature in India in the next couple of years.
This comes at a time when India’s office rental and flex space markets are expected to grow. He added that the company will accelerate its India footprint through acquisitions already in the pipeline.
The country is among its fastest-growing markets, prompting the company to introduce Signature, its premium coworking brand. Signature will feature a hotelification-like concept with luxury amenities such as concierge services, client insurance policies, enhanced registration procedures, and more.
“In Bengaluru, our rentals grow at an average of 5–10 per cent annually. We expect this momentum to continue in the near future,” said Harsh Lambah, vice president – sales, South Asia, IWG.
Nationwide, IWG plans to establish 40–50 new centres by the end of 2025 and intends to enter cities such as Surat, Patiala, Vijayawada, Salem, Calicut, and Thiruvananthapuram—targeting both Tier II and Tier III cities. In Bengaluru alone, the company has around 13 centres and plans to add another 18 in 2025. An additional 20 are scheduled to open in the first quarter of 2026. Currently, it operates more than 100 centres, which it aims to quadruple over the next three to five years.
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