capital gain tax

I am selling a property for 50 lakhs. My Capital gain tax is 40 lakhs. I am investing in a land for 20 lakhs .

The balance 20 lakhs is taxable.

I have a hand loan of 15 lakhs borrowed from three people (1  relative and 2 friends)

Does this loan can be adjusted towards my capital gain tax.

Please suggest me what should I do

venkat