Living with another woman during the pendency of divorce petition will not amount to bigamy, since an essential criteria for attracting bigamy is that there should be a proof of solemnization of second marriage in accordance with the essential religious rites applicable to parties. Mere admission by the accused is not enough. However, if you go for a marriage with the other woman, you will be guilty of bigamy. This offence is punishable with imprisonment up to 7 years or fine or both.
For the offence of committing bigamy by concealing the fact of the first marriage is punishable with 10 years imprisonment or fine or both. Living with another woman, during the pendency of the divorce proceedings, will not amount to bigamy but this will definitely give a ground to your wife to prevent the decree of divorce being passed in your favour as this act of keeping illicit relationship with another woman is a ground of divorce available with your wife as well in amounts to cruelty inflicted on her by you and you cannot take advantage of your own wrong for getting relief from the court, keeping this cardinal principle of law in mind your divorce case may get dismissed. Therefore, it would be suggested to you that you wait for the divorce to take place and then you may marry and live with the other woman.
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-Regards
Advocate Pooja
www.lawkonect.com