Akme Palace Marine Lines, Mumbai

Kerala Targets Rs 10,000 Crore Maritime Investment Through Mission Samudra

Kerala is targeting investments of around Rs 10,000 crore in the first phase of its Mission Samudra initiative. This includes port-related developments, shipbuilding, logistics, and tourism initiatives. As part of Mission Samudra, plans are underway to establish an Oceanarium in Kochi and an International Maritime Museum.

27 Underground Parking Facilities to Combat Mumbai's Parking Crisis

Mumbai is set to develop 27 underground parking facilities, one in each administrative ward, to alleviate the severe parking shortage. This project, backed by the BMC Budget 2026-27, will create parking beneath existing gardens and playgrounds, reducing roadside parking and traffic congestion.

New Road Link Approved to Enhance Mumbai Connectivity

The Maharashtra government has approved a ₹1,722 crore road link project aimed at connecting the Versova-Bandra Sea Link with the Mumbai Coastal Road. This infrastructure development is expected to significantly improve traffic flow, reduce commuting times across the city.

Rent in Akme Palace ranges from ₹ 59 K to ₹ 72 K with options available for 1 BHK.

Orange Gate to Marine Drive Tunnel Project to Reduce Travel Time to 5 Minutes

The Orange Gate-Marine Drive tunnel project, executed by MMRDA, is set to transform connectivity in Mumbai by reducing travel time to just five minutes. This complex urban tunnelling project will provide a traffic-free route, seamlessly integrating with the Coastal Road and Atal Setu. The expected impact includes reduced congestion, lower fuel consumption, and decreased emissions.

During Q1'2026, average property prices for Akme Palace moved from ₹ 33,150/sqft to ₹ 44,900/sqft, reflecting a 35.44% rise.