Timelines for Capital Gains Reinvestment on Sale of Flat

For a flat sold in June 2024, a ready property must be purchased by June 2026, while an under-construction property must be completed by June 2027. Merely booking or paying from the Capital Gains Account is not sufficient—timely possession/completion is critical. In your case, Dec 2027 possession exceeds the legal limit, making the exemption risky and likely disputable unless defended through litigation.