Can i claim under scetion 54 in respect of under-construction property prior to selling old house?

This discussion explores whether an individual can claim tax exemption under Section 54 of the Income Tax Act for an under-construction property purchased before selling their old house. The key question is whether the investment in the new property, made prior to the sale of the old one, disqualifies the claim, especially since the new property is under construction and will be ready in three years. The consensus leans towards it being problematic, with advice suggesting investments should typically occur after the sale date unless it's a ready-to-move-in purchase.