The latest guidance from the government on the next phase of the HS2 high-speed railway confirms the previous demand that vendors must accept offers within 15 per cent of their property’s un-blighted asking price.
Giving the green light to Crossrail 2 has been backed by more than 60 property industry leaders, who said it would help ease London's housing crisis by unlocking more than 200,000 homes.
Writing to the Chancellor Philip Hammond, they said: "It will transform transport capacity and connectivity for underdeveloped areas of the capital, such as the Upper Lea Valley, giving the certainty needed to accelerate the development of up to 200,000 new homes."
The government has dropped plans which could have allowed HS2’s developer to use compulsory purchase orders to grab valuable land not needed for the railway.
The arrangement may have seen landowners forced to sell more land than necessary to build the high-speed railway which could then have been sold on to developers.
The development company behind a site earmarked by the Government for fast-track building of affordable homes is to face a probe over concerns that fewer homes may be delivered than planned.
New London mayor Sadiq Khan announced today that he is to conduct a review of the Old Oak and Park Royal Development Corporation (OPDC), the organisation charged with the £10bn regeneration of Old Oak in west London, before the plans for the site can progress further.
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