However, there have been 15 objections to the proposal from people who live nearby.
They include concerns about the loss of agricultural land, possible harm to wildlife and pressure on existing public services.
Officials have requested a series of financial contributions which total £3,353,122 from the developer if permission is granted.
They include payments for Newbold Verdon Medical Centre, the village primary school, The Market Bosworth School and the Dorothy Goodman School for special education needs pupils in Hinckley.
Leicestershire County Council is also seeking funding for improvements to roads in the area.