The £400m Great Stall East development, which includes two new schools, will act as a gateway development to the New Eastern Villages development plan for the town.
Capital Land plans a selection of 2-5 bedroom private and affordable homes, each designed to fit the context of the local area and a contemporary lifestyle.
The developer will play a central role in delivery of key infrastructure as well as having a continued influence over design and delivery of the scheme during the 14-year construction programme.
Capital Land founder Jeremy Francis said: “I am Swindon born and raised and my family roots here date back 3 generations.
“In fact, the whole Capital Land team has an emotional attachment to the town, so the news that we have secured planning permission after years of meticulous preparation is tremendously satisfying.”
“We are talking about an investment of over £400 million, so this is a really significant project for the town’s future.”
The New Eastern Villages plan is one of the largest urban regeneration developments within the UK.
Located to the East of Swindon it is positioned in the Wiltshire Countryside between the North Wessex Downs and the Cotswolds.
“Identified in Swindon’s strategic growth area within the adopted Swindon Borough Local Plan 2026, it will comprise 8,000 -12,000 homes, a new District Centre, 40ha of employment and associated health, retail, education and leisure facilities.