The approval of the Cockfosters housing development, which includes 350 new homes with 40% affordable units, was met with opposition from local residents concerned about traffic and accessibility.
Local residents fear that the removal of the parking space at the station will make it less accessible for those living outside London, increasing car journeys.
Transport Secretary Louise Haigh granted the development a 250-year lease to enhance access to green spaces alongside the new homes, which will also increase community park areas.
London Mayor Sadiq Khan emphasized that building homes near public transport is part of the city's strategy to provide quality housing for residents.
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