We consider the problem of limited feedback codebook design for multi-user beamforming in the spatially correlated broadcast setting. In contrast to existing designs based on isotropic directional quantization (often used in the form of random vector quantization- based codebooks), we leverage ideas from the correlated single-user setting in this work. While the codebook is designed based on statistics-induced localizations, the key difference lies in the metric used for best codeword selection at the user end. Each user estimates its signal-to-interference and noise ratio (SINR) and feeds back the index of the codeword that maximizes this estimate. Such codebook constructions with a primary goal of interference management provide significant performance improvement over existing codebooks in the practically relevant low-feedback regime. Extensions to the interference channel setup are also provided.