Can I claim benefit under 54F if I sell my equity 1 year after taking the loan

Under Section 54F of the Income Tax Act in India, you can claim an exemption on Long-Term Capital Gains (LTCG) if you invest in a residential house. 

You can claim exemption under Section 54F against the entire value of the house Rs.70 lacs, not just the amount you paid through loan or out-of-pocket. The exemption is available if you invest in a residential house property within the specified time liits (purchase within one year before or 2 years after sale of asset, or construction within 3 years after sale).