Real-estate professional Sat Parkash Sharma currently serves as president of Leverich Design Studio, headquartered in Jackson Heights, New York. For decades, Sat Parkash Sharma has been involved in a number of noted real-estate projects in Queens, which is now becoming one of the most popular places to live, work, and visit in New York City.
Queens is one of the world’s most ethnically diverse urban centers, with 47.8 percent of its population having been born outside the United States. Its more than 2.3 million residents speak more than 160 different languages. This diversity is anchoring the continued growth of the borough. Coupled with its beaches and increasingly expanding food destinations, part of the growth is also due to more tourists visiting the area.
In 2014, Queens saw five new hotels opening, with more than 40 in the pipeline. Foreigners as well as buyers priced out of Brooklyn are driving demand for housing in the area. Trulia reports that in 2015, median home sales increased by 14 percent or $75,000. For 2016, median sales prices and median rent have also experienced increases.
Government undertakings include ferry and rail services having been added to improve accessibility to the area. A holistic neighborhood planning project also has been launched in Downtown Far Rockaway to bring in city investments totaling $91 million of new retail, mixed-income housing, and community facilities.