Presently I am having only one home for my residential purpose. I am 58 yrs old and would like to settle down in a calm hill station for a calm and serene life for soul searching. I have found a gated community at Yercaud hills. The tittle of the property mentions as farm house. My question is : If I buy this farm house for my sole single residential purpose after selling the present only living home, can this new purchase be treated for capital gains calculations? Thanks in advance.