Capital gain

Mrs. A sold her landed urban property for Rs.35 Lakhs in Jan 2013 (Property purchased by her in March 2001 for Rs.2.70 Lakhs).

Please Note:

1. She is a regular income tax assessee.
2. She does not own any house property on the date of this sale.
3. She has decided to construct a house property in Bangalore totally costing Rs. 95 Lakhs.
4. Towards the above property she has paid land advance amounting to Rs. 35 Lakhs in December 2012.

     Query:  Whether she can claim full exemption U/s 54F for the year ending 31.03.2013 (on account of advance paid to land purchased in Bangalore).