The Olympic Village cameras will show updated images throughout the day and will be accessible via the London 2012 website.
The Olympic Village, which lies adjacent to the Olympic Park and Stratford City sites, will accommodate athletes during the Olympic and Paralympic Games and will leave the legacy of thousands of new homes, parks, public squares and community facilities after 2012.
ODA Chief Executive David Higgins said: "The Olympic Village will be one of the strongest legacies from the Games, creating quality new homes for Londoners together with new parks, public squares and community facilities.
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As construction work accelerates on the Village site, these new webcams will keep the public up to speed on the progress we are making in the delivery of this essential project."
Lend Lease Europe Chief Executive Dan Labbad said: "The new images provided by the webcam demonstrate the substantial progress being made on site with buildings now rising out of the ground.
"We remain committed to delivering a world class development of high architectural and design quality, both as a home for athletes in 2012 and as an iconic sustainable community beyond."
The Olympic Village will comprise 11 residential blocks, which are each roughly the same size as a football pitch. Each residential block is then made up of approximately 5-7 buildings which are built in a square layout around a traditional courtyard area. The courtyard areas in the middle of each block will include gardens and open space.
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