The Network Rail development has also been awarded funding of £18.3m from the Glasgow City Region City Deal and £7.87 million from both the UK and Scottish Governments.
It's the latest milestone in the project that will connect the existing community and new housing development to the rail network, and act as a catalyst for further development.
Over the past few months, Network Rail and East Renfrewshire Council have been working with Transport Scotland, ScotRail and Story Contracting, to plan and design the new station.
The station will have two platforms connected by a footbridge with lifts, as well as waiting shelters, cycle storage and ticket machines.
There will be an 80-space car park for passengers, with ten charging points for electric vehicles.
Footpaths and cycle paths will lead into the station and will be easily accessible for residents in nearby homes by walking, wheeling or cycling.
As part of the build, a direct path from the station to Dams to Darnley Country Park will be created, allowing easier access for visitors arriving for a day out.
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East Renfrewshire Council Leader Owen O'Donnell said: "It's fantastic news that City Deal funding has been approved for the new Balgray station in Barrhead. Since announcing the new name for the station and how plans were progressing, we've had a great response from residents who are excited about the delivery of a much-needed new public transport link. It's going to make a huge difference for our existing community in Barrhead as well as for residents from the new housing developments, making it much easier to access jobs, education and services. It'll also make Dams to Darnley Country Park more accessible for visitors."
Gerry McQuade, Capital Delivery Director, Network Rail, said: "A new railway station in this area of Barrhead will be transformative for people who don't currently use the train, and will also provide a cleaner, greener way to visit the green space and countryside in East Renfrewshire. We will work hard with our partners to deliver this new station for our customers and the wider community."
Cabinet Secretary for Transport, Fiona Hyslopsaid:"I welcome East Renfrewshire Council's proposal to use City Deal funding to open a new station at Balgray. This is a great example of integrating new public transport provision with a new housing development. Transport Scotland will be funding the operating and maintenance costs of the station. The new station will provide sustainable transport options, better connecting people to employment, education, leisure and business opportunities. We welcome this innovative plan for the delivery of a new station and would encourage other promoters to consider this approach."
Craig Lafferty, Operations Director, Story Contracting (Scotland), said: "Story are really proud to be constructing this new station, which will bring significant benefits to the local community. Working in partnership with Network Rail and East Renfrewshire Council, this project will not only enhance the rail network but also provide step-free access between platforms, making Balgray Station accessible to people of all mobility levels."
As part of the development of the new Balgray railway station, Network Rail submitted a prior approval planning request to East Renfrewshire Council in August.
