Capital gain reinvested/delayed flat possession

Sheryl Aggarwal (Querist) 23 July 2012 This query is : Open
I sold my Flat in Aug 2011 & Gain from this is Long Term . I bought (in resale ) under construction flat in Oct 2011 & agreed possession in builder buyer agreement is Sept 2012 .

My question is if possession is delayed beyond July 2014 ( that is 3 years after sale of old flat ) than what will be my liability ?

I will be paying 100% of LTCG to builder before July 2014 but for sure builder will not offer possession .

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