Hillreed is looking to build 230 homes north west of Church Lane, taking in agricultural land at Court Lodge Farm.
The site will include new roads, cycle paths, footpaths and a pond.
It is in addition to the plan by Ward Homes for 238 properties, associated open space and landscaping on land next to London Road and Sholden New Road.
Mary Shaw, Sholden Parish Council clerk, said : "We are not against developing, we are against a development of this size. It will double the village in size.
"The assurances of developers is not enough to convince us. Even if the applications are deferred, I'm sure the developers will fight until they get what they want."
Speaking at the last meeting, councillor Bill Gardner said: "We've been told we failed to give it proper consideration after we had five hours of discussions. Some might say this letter from the developer is blackmail and bully-boy tactics."
See next weeks Express for the full story.