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| GDP Growth | Services | Industry | Agriculture | Overall |
| Oct - Dec 07 | 10.3% | 8.4% | 3.2% | 8.4% |
| Apr - Dec 07 | 10.4% | 9.1% | 3.5% | 8.9% |
Ongoing concerns over the effects of the US sub-prime crisis and US recessionary pressure have
dampened the outlook for the global economy in 2008. The International Monetary Fund ("IMF")
has cut its global growth projection to 3.7%11. IMF estimated that the brunt of the financial crisis
would be felt in the US and Western Europe. In contrast, emerging and developing economies have
so far been less affected by the financial turbulence. IMF projected that economic growth in
emerging Asia (excluding Japan), would remain robust at about 7.5% in 2008 and 7.8% in 2009.
a-iTrust's current high occupancy of 96% and leases with locked in terms would enable a-iTrust to
continue to enjoy income stability. Also, a-iTrust’s properties have been leased to reputable and
diverse tenants, where no tenant contributed more than 5% of the portfolio base rent as at 31
March 2008.
a-iTrust's high quality properties with ancillary facilities would be well-placed to weather market
uncertainties, as there was still a general shortage of good quality buildings in India. The strong and
fast take-up of the 2 newly completed buildings, Vega (93%) and Crest (92%) within a short time
from completion was a testimony to the robust demand for quality space.
In its 3Q 2007 report, Jones Lang LaSalle’s ("JLL") projected the following movement in capital and
rent values for office space in the 3 cities where a-iTrust has invested into :
| Future movement in capital values | Future movement in rental values | |
| Bangalore - Central Business District (CBD) Bangalore - Peripheral District (PD) |
Rise Stable |
Rise Stable |
| Hyderabad - CBD Hyderabad – PD |
Rise Rise |
Rise Stable |
| Chennai – CBD Chennai – PD |
Rise Rise |
Rise Stable |