Seniors need directive on capital gains

first of all your ntestate property in the form of dry or fertile lands and even if there are some good trees and some plants, probably your income is agricultural income then no income tax will apply. if so, why do you buy residential house but invest in agricultural lands that will fetch you better perennial slow proits and yet that income will not fall under 'disgraceful' direct income tax laws!

If not agricultural lands, but some residential, you have to invest in residential property by indexation process.

Advice you better pay of 20% capital gains income tax as it is intestate/ancestral property that money must better be invested in agriculture lands or perennial slow income and if interested more income then mechanize agriculture lands or better yields. Yes you need not pay any disgraceul income tax, as governments are afraid to tax agricultural lands and if taxed naturally that government can ever come back to power!

there is no guarantee that residential propeties price will just not go on perennially growing as an investment option, as economies move up and down and now india is already in trouble as republicans did not capture power in USA.

All economies of the world are truly dependent on American economy and that situation will continue at least your life time now. 

you are given a suggestion as you wanted some strategy but you are the boss of your moneys! Happy diwali!!