Tax on investment in house property

Dear All,

I have invested 5 lakhs as a booking amount on Octber 2012  to purchase new house to one of the property developers in my town, total value of the house would be 60 lakhs. i have time to pay the whole amount in 2 years and im planning to get housing loan also.

i want to know whether this invested amount is taxable or not during this Financial year 2013-2014.

regards

Mohammad ayub