Long term capital gain exemption

Dear Friends

I have a query regarding exemption of LONG TERM CAPITAL GAIN on Sale of a Residential Plot. Facts are as follows:

1) The Assessee has sold a residential plot of land during 2012-13 and earned long term capital gain.

2) He owns two residential houses (i) One jointly with his wife  (ii) one jointly with his brother.

3) there are two sections under which exemption can be claimed :

   (i) Section 54EC by investing amount of capital gain in specified bonds within 6months of sale.

   (ii) under section 54F if certain conditions are fulfilled. (and the amount can be deposited with a specified bank under capital gain account scheme.

I want to know whether

(i) exemption under section 54EC can be claimed.

(ii) Whether he is eligible for exemption under section 54F, since he owns two houses though in joint name.

Thanks & Regards

CA Vikas Kapoor