English: The Agakhan Palace also known as Gandhi National Memorial was built in the year 1892, by the 3rd Agakhan, Suit Mohammoad Shah Agakhan who was the 48th spiritual head of the Khoja Ismaili religion. He constructed this palace intended to be a source of employment for the famine-struck villagers in the surrounding areas. It took about five years to complete the work of this palace and one thousand people were employed and they were given full hearted wages their livelihood and twelve lakhs was the cost. In the year 1969, Prince Karim El Hussenim Agakhan IV, came to India and donated this palace with surrounding land to the Government of India Gandhi Smarak Nidhi, New Delhi in memory of Mahatma Gandhi and his philosophy.

This palace is a national monument of India's freedom movement. Following the launch of 'Quit India Movement' in 1942, Gandhiji, his wife Kasturba, secretary Mahadevbhai Desai were interned at the palace from August 9 1942 to May 6, 1944. Mahadevbhai and Kasturba passed away while in captivity at the Agakhan Palace and their "Samadhis" are located in the palace campus. This monument is a simple memorial to Gandhiji and his life. The museum inside the palace complex has a rich collection of pictures and photographs of the important incidents of his life. There is also a wide assortment of his personal items, including utensils, clothes, mala, slippers and also a letter written by Gandhiji on the death of his secretary. A small amount of Gandhiji's ashes are kept near the samadhis of Kasturba Gandhi and Mahadevbhai Desai.

The Agakhan Palace has been declared as a monument of national importance by the Archaeological Survey of India vide Govt. of India Gazette Notification No. S 0 255 (E) dated 3.3.2003.