Capital gain on house sold later then another purchase

Prateek Bansal (Article) (41 Points)

25 July 2014  
i have a inherited property which i want to sell and buy a new house. since it is difficult to sell quite soon, so if i purchase a new house now by taking a house loan and repay the loan when old house is sold, will i get any benefit on capital gain on sale of old house later then purchase of new house?