Capital gain tax

Sir(s),

I sold a property on 28.03.2015 for Rs. 60.00 lakh which was purchsed during 2006-07 for Rs. 3.15 lakh. At present I am having a residential house, for my own use and a portion of that has been rented out. 

My question is can I buy another house / farm house out of the funds received from the sale of the said property and save capital gain tax. If no, what shall I do to save on capital gain tax.

Please guide.

Thanks.

Mukesh