new delhi office space absorption rose 11 per cent to 138 million sq ft in delhincr during the april june quarter over the yearago period on higher demand from itites sector global property consultant dtz said however the absorption fell by 18 per cent when compared with the previous quarter office space in delhi ncr witnessed total takeup of 138 million sq ft in q2 representing a decrease of 18 per cent qoq quarteronquarter but an increase of 11 per cent yoy yearonyear dtz said in its report property times delhi ncr q2 2014 dtz describes takeup as floor space acquired for occupation that includes offices let to an eventual occupier and developments prelet or sold itites sector was the primary demand driver accounting for the large majority 81 per cent of total takeup in q2 compared to 36 per cent in q1 delhincr witnessed an increase in demand for space by ites companies in specialised domains like telecom aviation and bfsi dtz said adding that the demand is likely to grow in the second half with corporates expected to increase hiring activities given the expectation of an economic revival transactions of more than a lakh sq ft accounted for 60 per cent of total absorptions in q2 against 26 per cent in q1 multinationals based out of europe accounted for 60 per cent of demand over the quarter which was 16 per cent in the previous quarter multinationals based out of us and india contributed 10 per cent and 11 per cent respectively dtz said gurgaon witnessed a 5 per cent qoq increase in demand for space primarily from the itites domain noida and delhi saw a qoq decline there was however an increase in enquiries for leasing space which are expected to close in the coming quarter rentals remained stable in all the micromarkets in q2 due to new supply dtz noted that rentals are not expected to see significant growth due to the currently high vacancy levels and robust development pipeline despite expected growth in demand during the second half of this year on supply dtz said delhincr witnessed a 75 per cent rise in project completions in q2 over the previous quarter new supply of 53 million sq ft became operational in q2 across thirteen projects in the pbd and sbd regions the consultant said vacancy in q2 stood at 326 per cent an increase from 289 per cent in q1 due to addition of new space in the market in absolute terms vacancy in q2 was 289 million sq ft compared to 24 million sq ft in the previous quarter noida contributed 37 per cent to overall vacancy gurgaon contributed 32 per cent while delhis secondary business district sbd contributed 30 per cent