LTCG exemption for plot + construction

Hi All,

Purchased a plot last year in October where I plan to construct a house in 2 years. Can I use all my mutual fund / equity sale amount under section 54f to avoid LTCG for this. All the equivalent mutual fund / equity share amount have already gone to payment so far to plot. I have only one residential flat in my name as of now (this would be the 2nd property).

Please let me know. Thanks!