The site, to be developed by housing specialists Cullross Ltd, will see 220 mixed-residential units brought to the area, located east of Glennie Road.
Flats, colony flats, and townhouses are included in the ambitious plans, with 163 (74 per cent) of the units being for affordable housing which will be delivered by Cullross on behalf of Hillcrest Homes. The remainder being for private housing.
A substantial open park space, with quality landscaping, will be provided for the local community and the layout integrates with the existing residential development.
The proposed development is allocated as housing site HSG27 in the Council's Local Development Plan, where residential development is acceptable in principle.
It also delivers a 20-minute neighbourhood, being within 10-minites of a school, open place, play parks and a railway station, as well as a number of active travel connections. The site is within a 20-minute walk of Fort Kinnaird Retail Park and Queen Margaret University.
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Twenty-minute neighbourhoods are places that are designed so residents can meet their day-to-day needs within a 20-minute walk of their homes.
The proposals include education and healthcare contributions to mitigate its impact on the locality.
Cullross Ltd has nearly 60 years of combined experience designing, developing, and building new homes and specialising in affordable housing projects.
Mark Beaton, Director of Cullross Ltd., said: "We are delighted to have had our application for residential development at Newcraighall East granted, subject to conditions.
"Extensive community consultation was undertaken on our ambitious proposals which will bring much-needed housing, the majority of which will be affordable housing, to Edinburgh.
"We were particularly keen to ensure that there is extensive greenspace available to the local community, including delivering a substantial landscaped open park.
"As the project progresses to site, we look forward to continuing to engage with the local community on this."
Angela Linton, Hillcrest Chief Executive, said: "We're delighted to again partner with Cullross to deliver another high-profile development.
"The 163 Hillcrest properties, which will form a significant portion of this development in Newcraighall, will offer a welcome boost of high-quality affordable housing to the city of Edinburgh."
Rod Duncan, director of jmarchitects, said:
"jmarchitects are delighted that the planning application for Newcraighall has been approved. The six month process from start to approval is testament to the team and to the City of Edinburgh Council.
"The masterplan on an allocated site will deliver 220 new homes within a design framework that is based on sustainable and biodiverse principles with placemaking at its heart."
