A retirement village with 350 homes is on its way to Pāpāmoa.

The $250 million village on Grenada St is now under construction with the first stage of three-bedroom and two-bathroom homes to be built later this year.

The Pacific Lakes VIllage development is being built across the road from its sister retirement village, Pacific Coast Village, which housed 250 residents.

Both villages were a joint venture between Generus Living Group and Mangatawa Papamoa Blocks Inc.

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Generus Living Group director Graham Wilkinson said all 350 homes would be pre-wired for solar power so homeowners could have the option of staying on the grid or not.

"It means if they chose that option then they will get 70 per cent refunded back to them when they leave the village . . . It is an incentive."

A communal facility inside the village called the Lake House will operate off the grid with its own solar power and rainwater recycling systems.

There will also be an electric vehicle fast-charge station on site, electric pool cars and composting and recycling hubs.

A market garden, commercial glasshouse, climate-controlled growing house and a variety of fruit trees would also be available inside the village.