Srinivas Taluka

Mumbai has always been an expensive city when it comes to the real estate, especially for commercial spaces. During its expansion into the city, the team at Signode realised that it was a challenge to identify a good office space without escalating their prevailing costs. For Signode, it was much more challenging to finalise the space because of legal compliances, property limitations and transparency attached to a MNC. Real estate service providers and consultants made this mission seamless. When one works with tough timelines and on a specific budget, it is always important to select an experienced service provider with a good client reputation and the right vendor.

Strategically, it was always Signode’s dream to have a consolidated extensive office in Mumbai to improve collaboration among employees from different business units. The company passed through many compliance and operational challenges and built the office in Navi Mumbai last year, resulting in optimisation of operational costs, effective utilisation of resources and enhanced employee satisfaction.

Taluka, also an honorary board member for iNFHRA, states that today’s generation needs an aesthetically sound and modern office with amenities including breakout spaces, cafeteria and other recreational facilities. “The younger generation is more hygienic, health- and fitness-conscious, and facility managers should consider all these factors when designing a new office space to attract and retain internal talent.”