Sale of residential property

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venkat batchu (Querist)
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24 March 2024 sir, please advise me how to invest in residential property sale proceeds ... in another flat (is there any cut off on new property construction date or can i buy a very old construction as well ?) , a part in land (can it be farm land or senior living flat).... and some in dividend paying instruments.. i am a senior citizen , 60 ... Also, i would like to know if i can invest in a commercial property (a part ) ...
regards.

b v satyanarayana

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 March 2024 You can buy old construction within 2 years or contruct new house within 3 years.
Land investment not allowed.
Dividend paying instrument not allowed