A total of 40 modular homes could be built on a brownfield site next to Beeston railway station.
Network Rail has announced it's working with ilke Homes to deliver the project, which is subject to planning permission from Broxtowe Borough Council.
If approved, the project would see the redevelopment of the 2.2-acre site in Station Road, delivering housing and car parking around the railway station.
The modular homes would be built off-site at a factory in Knaresborough, North Yorkshire, before being installed at the Beeston site.
The development would be backed by government funding after ilke Homes secured a £30million investment from Homes England to increase the capacity of its factory, as part of a scheme to boost modern methods of construction and deliver more modular homes across the UK.
A spokesman for Network Rail said the partnership with ilke Homes "supports its strategy to release land for housing to drive economic growth and help communities to thrive, whilst generating capital to fund rail improvements for the benefit of passengers, taxpayers and the economy".
The spokesman added: "This announcement is further positive news for Beeston following an announcement earlier this year that improvements to accessibility at Beeston railway station will be made. This vital project will make journeys easier for all passengers, particularly those with additional access needs or those carrying heavy luggage or travelling with pushchairs."
Gary Walsh, Route Managing Director for Network Rail’s East Midlands Route, said: “This is a really exciting development which will help to boost the economy in the area, and provide much-needed sustainable homes and car parking.
“This is further positive news for the community in Beeston and follows the government announcement earlier this year that a vital project to improve accessibility at the station will take place, making using the station much easier for travellers.
“We look forward to both projects completing and residents, both new and old, reaping the benefits.”
Tom Heathcote, Executive Director, Development, ilke Homes, said: “We are proud to partner with Network Rail to create a sustainable development of much-needed family homes for a growing community.
“Modular homes represent the future of housing and we believe this residential development will be a shining example of what they can deliver for homeowners, communities and the UK economy.”
