Fiji's first-ever retirement village, the Sangam Retirement Village, is expected to be built in Nawai, Nadi where 16 villas will be sold at a price of about $295,000 each.
While launching the project at Suva Sangam Hall today, National President for TISI Sangam Fiji, Sadasivan Naicker says the project will cost them around $3.4 to $3.6 million.
Naicker says it is their dream to set up a retirement home for the elderly people of Fiji as a number of senior citizens are being abandoned by their families.
He says the two-bedroom villas are not restricted to Sangam members only.
Naicker adds 45 hectares of freehold land will be used for the project and they are expecting this to commence in April next year before their Annual Conference.
Meanwhile, Chairman of the Sangam Foundation, Sanjeev Mudaliar says they already have expressions of interest from overseas who want to buy retirement homes in Fiji.
Mudaliar says the project is aimed at giving the people of Fiji cheaper and affordable housing for those who are retiring.
