Section 54F exemption in case of multiple properties

No. No problem to get the exemption u/s. 54F IT act.

So, I can claim 54F benefit/exemption for new property and make sure to construct house in 3 years?

Yes, only if you do not have more than one house property at the time of the claim.                                      

I have few clarification questions - 

1. Are foreign stocks (capital gain from foreign stocks) applicable for section 54F? I believe they are.
2. If you do not have more than one house property at the time of the claim =>
   1. Does it mean I should not contruct any new house on different property in next 3 years and existing residential plot should not be used for house contruction? I should constuct house on the new property where I have claimed section 54F only?
   2. Can I still buy other residential plots for investment purpose without section 54F? Will it cancel my any previous section 54F exemption in 3 years? I will not contruct any house there.
3. What do you mean by house property? Do you mean a independent house/Flat? Does it contain land plot (without any house) as well?

Could you please answer above questions? It will be very helpful. Thanks in Advance.