Hi,
- Yes you can buy the plot after two years subject to completion of construction should be completed before 3 years from the date of transfer. There were cases already decided in favour where the assessee purchased plot before the date of transfer and completed construction within 3 years from the date of transfer.
- In case of construction it is 3 years and it is no where mentioned in the section that plot for construction should be purchased within 2 years which is a condition for ready to move in flats/apartments.
Thanks