Can loss in investments in purchase of flat.

Hi,

Can loss in investments in purchase of flat be setoff against income under In come tax ?

I have invested Rs 10,00,000 in Dreamz Infra India Limited, Infra company, bangalore for purchase of flat 2 years ago. Now the company is closed and they are absconding. I got Rs 10,00,000 loss in this . Please let us know whether i can offset/ claim this amount under IT Act against my Income /

Also they have not started the construction of the flat since 2 years and they are absconding and i got loss of 10,00,000.

Can i claim this loss (10,00,000) under Income tax on my income ?

Thanks,

Pavan.S