The proposals, which were approved by Hackney Council's planning committee in February, will allow a further 3,242 new homes to the built at the estate, in addition to the 1,042 already built since 2005 or currently under construction.
The masterplan also proposes a further 10,921 square metres of non-residential floorspace, with the completed development due to include three public parks, two schools, a library, a children's centre, a community centre and retail and commercial space.
Of the total 4,284 homes to be provided under the masterplan by 2031, 2,214 will be affordable.
"This is one of the biggest estate renewal schemes in the capital and will provide a boost to Hackney by delivering much needed new homes and infrastructure", assistant director of planning at the Mayor of London's Office Stewart Murray said in a statement.
