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"It also sets out plans to sell off publicly-owned land that is surplus to requirements, including assets owned by the Ministry of Defence.
The Treasury said the MoD, alone, accounted for 1% of all land in the UK, while the state land holdings were worth £300bn.
Cabinet Office minister Matthew Hancock told the BBC that £1.5bn of land had been disposed of during the last Parliament and that ministers had only "just started getting going".
"It is clear we can release much, much more," he told Radio 4's World at One. "It also contributes to our wider objectives like housebuilding. The two go hand in hand."