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Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Apr 22, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Apr 21, 2024Hindi
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I am 33 year old. I have total 18L in Mutual fund and a car loan with Outstanding amount of 9L and a home loan with outstanding amount of 24L. My monthly take home salary is 1.8L, Monthly Emi : 55K, monthly expense 50K and SIP: 65K. I am married but no kids yet, Even though i pay EMI of flat i never consider it to be mine as its for my parents. I am worried that i am not saving enough for family planning and retirement. Can you please guide me if i should pay out the loan or buy a flat/land. I want to plan for retirement at 55 and kids by next year.

Ans: Given your situation, focus on saving for your immediate goals (family & retirement) before big purchases.

1. Increase Emergency Fund: Aim for 3-6 months of living expenses in a safe, liquid option like a debt fund.

2. Prioritize Retirement: Increase your SIP (consider reducing car loan EMI if possible) to invest for retirement. Balanced mutual funds are a good option.

3. Family Planning: Discuss reducing expenses to create a buffer for potential child-related costs.

4. Homeownership: Hold off on buying a new property until your financial situation allows for additional commitments.

Talk to a financial advisor for a personalized plan considering your risk tolerance and specific goals.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2024

Asked by Anonymous - May 02, 2024Hindi
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Hi Sir, I am 36, in hand salary is 2.4 lakhs per month(including rental) I have 2 properties 1st current market value 2.2cr outstanding loan 40 lakhs 2nd. 60 lakh outstanding loan of 28 lakhs(taking tax benefit on this). Apart from this I personally have 0 savings in cash. My wife is housewife. At current market value we will have roughly 60 lakhs of gold. Recently bought a car on loan with emi of 35k. My monthly emi outflow is 1.1 lakh with roughly 1 lakh as additional monthly expense. Whatever I am able to save currently I am using it to pay of my Housing loan no.1. Need your suggestion on financial planning & decision that I should take in future
Ans: Given your financial situation, it's important to prioritize debt management, savings, and investment planning to achieve your long-term financial goals. Here are some tailored suggestions:

Debt Management:
Continue prioritizing the repayment of your housing loans. Focus on clearing high-interest debt first, such as the outstanding loan on Property 1.
Explore options to accelerate debt repayment, such as allocating any surplus income towards loan prepayments.
Review the terms of your car loan and consider refinancing if possible to reduce the monthly EMI burden.

Emergency Fund:
Establish an emergency fund equivalent to at least 6-12 months of your household expenses. This fund will provide a financial buffer in case of unexpected events like job loss or medical emergencies.
Set aside a portion of your monthly income towards building this fund gradually, even while repaying loans.

Savings and Investments:
Once you have built an emergency fund, allocate a portion of your income towards systematic savings and investments.
Consider investing in tax-efficient instruments like Equity Linked Savings Schemes (ELSS) to optimize tax benefits while generating potential long-term returns.

Diversify your investment portfolio across asset classes such as equity, debt, and gold to mitigate risk and enhance overall returns.

Insurance Coverage:
Review your existing insurance coverage, including life, health, and property insurance, to ensure adequate protection for your family and assets.
Consider purchasing term insurance policies to provide financial security to your dependents in the event of any unforeseen circumstances.

Financial Planning:
Engage the services of a Certified Financial Planner (CFP) to develop a comprehensive financial plan tailored to your specific goals, risk tolerance, and time horizon.
Work with your financial planner to set clear objectives, such as retirement planning, children's education, and wealth accumulation, and devise a strategy to achieve them systematically.

Budgeting and Expense Management:
Track your monthly expenses diligently to identify areas where you can optimize spending and redirect savings towards debt repayment and investments.
Create a realistic budget that accounts for all essential expenses, loan repayments, savings, and discretionary spending.

Future Financial Goals:
Define your long-term financial goals, such as retirement planning, children's education, and wealth creation, and allocate resources accordingly.
Regularly review your financial plan with your spouse and adjust strategies as needed based on changing circumstances and priorities.

By adopting a disciplined approach to debt management, savings, and investment planning, you can gradually improve your financial health and work towards achieving your long-term financial objectives. Consulting with a qualified financial advisor or planner can provide valuable guidance and support in navigating complex financial decisions and optimizing your overall financial well-being.

..Read more

Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 13, 2024

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I am 32 year old newly married man, having 1.7lakh as take home with expenses as home loan:65000 for 28yrs remaining topup: 8400 8 yrs and mortgage loan 27500 15 yrs per month. I have an equity investment of 7lakh and mutual fund sip of 5000 pm. I expect a bonus of 2lakh every year. I'm not sure if I should focus on repaying the loans quickly or increase my investment. My initial target is to invest 35000 pm. I don't know how to plan for retirement, becoming loan free and invest for kids in future. Home expenses are shared in the family and are paid through rents recieved by my mom
Ans: Congratulations on your recent marriage and your commitment to financial planning. Let's create a roadmap to address your goals of managing loans, increasing investments, planning for retirement, and securing your children's future.

Loan Repayment Strategy:

Given your substantial monthly loan obligations, it's essential to strike a balance between loan repayment and investment.
Focus on paying off high-interest loans, such as the top-up and mortgage loans, while continuing to meet the minimum payments on your home loan.
Utilize your annual bonus to make lump-sum payments towards your loans, reducing the principal and interest burden.
Investment Planning:

With a monthly take-home of Rs 1.7 lakhs and an initial investment of Rs 7 lakhs in equity, you're off to a good start.
Aim to gradually increase your monthly investments to Rs 35,000, as you've planned. This can help you build wealth over time and achieve your financial goals.
Consider diversifying your investment portfolio by exploring other asset classes like debt, real estate (if feasible), and tax-saving instruments like PPF or ELSS.
Retirement Planning:

Start planning for retirement early to benefit from the power of compounding and secure a comfortable post-retirement life.
Estimate your retirement expenses, factoring in inflation and lifestyle preferences. A Certified Financial Planner (CFP) can assist you in determining an appropriate retirement corpus.
Maximize contributions to retirement savings vehicles like EPF, PPF, or NPS to avail tax benefits and accumulate a substantial corpus over time.
Securing Your Children's Future:

Plan for your children's education and future financial needs by setting up dedicated investment accounts like a Child Education Plan or a Mutual Fund SIP.
Regularly review and adjust your investment strategy to align with your children's milestones and educational aspirations.
Seek Professional Guidance:

Consult with a CFP who can provide personalized advice tailored to your financial situation and goals.
A CFP can help you create a comprehensive financial plan, prioritize your objectives, and make informed decisions about loan repayment, investment allocation, and retirement planning.
In conclusion, by adopting a balanced approach to loan repayment and investment, and seeking professional guidance, you can work towards achieving financial freedom, securing your retirement, and building a solid foundation for your family's future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |7101 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 10, 2024

Money
Hellopus I am 40 year old married female and have a 1.5 year old daughter. Currently I am drawing 1.13 lakhs monthly. I have 28 lakhs in mutual funds, 10 lakhs in ppf, 26 lakhs in epf, 25 lakhs gold,20 lakhs in lic, 2 lakhs in fd, I am investing 60000 per month in various saving schemes. Now I intend to buy a property worth 1.30 crore. Shall I wait or invest. Am I in a position where I can pay monthly emi of 75000 for next 30 years.
Ans: You've built a strong financial foundation with your savings and investments. This is impressive, considering your current financial obligations and future goals. Let's take a detailed look at your situation and assess whether you should buy the property now or wait.

You earn Rs 1.13 lakhs monthly, and have substantial investments:

Rs 28 lakhs in mutual funds.
Rs 10 lakhs in PPF.
Rs 26 lakhs in EPF.
Rs 25 lakhs in gold.
Rs 20 lakhs in LIC.
Rs 2 lakhs in FD.
You also invest Rs 60,000 per month in various saving schemes.

Monthly EMI and Financial Stability
Purchasing a property worth Rs 1.30 crore will require a significant monthly EMI. If we assume an EMI of Rs 75,000 for 30 years, let's evaluate if this fits into your current financial structure.

Income and Expenses:
Your monthly income is Rs 1.13 lakhs. Deducting Rs 75,000 for EMI, you’ll have Rs 38,000 left for other expenses and investments.

Understanding Your Expenses
Your current monthly investments total Rs 60,000. After accounting for the EMI, it’s essential to ensure your remaining income covers your living expenses, savings, and unexpected costs.

Emergency Fund
An emergency fund is vital. Ideally, you should have 6-12 months of expenses saved. With Rs 2 lakhs in FD, consider increasing this fund to cover unforeseen expenses. This ensures financial stability without disrupting your EMI payments.

Assessing Investment Allocation
Mutual Funds:
You have Rs 28 lakhs in mutual funds. Mutual funds are versatile and offer potential growth. Ensure your portfolio is diversified across equity, debt, and hybrid funds to balance risk and return.

PPF and EPF:
Your PPF and EPF balances are Rs 10 lakhs and Rs 26 lakhs respectively. These are safe, long-term investments providing assured returns. They are also excellent for retirement planning.

Gold:
Gold worth Rs 25 lakhs adds stability and acts as a hedge against inflation. However, its returns are generally lower compared to other investment options.

LIC:
With Rs 20 lakhs in LIC policies, evaluate the performance and returns. If these are investment-cum-insurance policies, consider surrendering and reinvesting the amount in mutual funds for better growth.

FD:
Your Rs 2 lakhs in FD is a good start for an emergency fund. Ensure you have sufficient liquidity for emergencies.

Cash Flow and Loan Eligibility
Given your current financial commitments, paying a Rs 75,000 EMI might strain your cash flow. It's crucial to maintain a balance between your loan repayments and daily living expenses.

Impact on Lifestyle
Evaluate how a high EMI impacts your lifestyle. You must comfortably manage your expenses, investments, and future needs without financial stress.

Benefits of Waiting
Waiting to buy the property can provide several benefits:

Increased Savings: Allow more time to save, reducing loan amount and interest paid.
Market Conditions: Property prices may stabilize or fall, offering better deals.
Financial Cushion: Build a stronger financial cushion, reducing the burden of EMI.
Power of Compounding in Mutual Funds
Investing consistently in mutual funds harnesses the power of compounding. Over time, even small investments can grow significantly. This can enhance your financial stability and provide substantial returns.

Diversification and Risk Management
Diversifying your investments across different mutual funds reduces risk. Balancing between equity, debt, and hybrid funds helps manage market volatility and provides steady returns.

Mutual Fund Categories
Equity Funds: High risk, high reward. Suitable for long-term growth.
Debt Funds: Lower risk, stable returns. Ideal for short to medium-term goals.
Hybrid Funds: Mix of equity and debt. Balanced risk and return.

Advantages of Mutual Funds
Professional Management: Managed by experts, providing better growth opportunities.
Liquidity: Easy to buy and sell, offering flexibility.
Diversification: Reduces risk by investing in a variety of assets.
Tax Benefits: Certain funds offer tax advantages under sections like 80C.
Potential Risks
Market Volatility: Equity funds are subject to market fluctuations.
Credit Risk: Debt funds carry the risk of issuer default.
Interest Rate Risk: Affects bond prices and, consequently, debt funds.
Reassessing LIC Policies
Evaluate your LIC policies. If they are investment-cum-insurance, consider surrendering them. The amount can be reinvested in mutual funds for better returns and flexibility.

Future Goals and Planning
Your financial planning should align with future goals like your daughter’s education and marriage. Ensure your investments are structured to meet these goals without straining your current finances.

Creating a Balanced Portfolio
Your portfolio should balance risk and reward. A mix of equity, debt, and hybrid funds provides growth and stability. Regularly review and adjust your portfolio to align with your goals and market conditions.

Certified Financial Planner
Engage with a Certified Financial Planner to tailor a financial strategy. They provide personalized advice, ensuring your investments align with your goals and risk tolerance.

Final Insights
Buying a property is a significant decision. Evaluate your financial stability, future goals, and current commitments before proceeding. Ensure you maintain a balance between loan repayments and living expenses. Waiting might provide better financial security and opportunities.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Milind

Milind Vadjikar  |687 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 08, 2024

Asked by Anonymous - Oct 07, 2024Hindi
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Hello Sir, i am 40 years old with 2 girls age 12,7.I earn 90k. i am investing in the following mutual funds - 1) axis bluechip - 2500 2) Franklin India prima - 1000 3) hdfc short term debt - 1000 4) kotak flexicap - 1500 5) mirae asset large & midcap - 1000 & 2500 6)Nippon India growth - 25,500 7) tata digital - 1000 Total 36k Total corpus valuation as of today is 10.8L. I have a Home loan with outstanding of 11.85L, with 80 months left at 10.5p.a.(emi - 20,360) I have place it on rent for 9.5k. I am living in a rented apt at for convenience of job travel(rent - 17.5k). House expense is 30k.(basics, needs,wants). My wife(house wife) receives 1.5L p.a as rent towards her property, which is joint with her sister.( which we use towards the rent) My elder daughter has received a property from her grandparent, but it is under construction with disputable builder,thus no rental from it yet. Please assist how can i plan towards my goals 1)girls education 2) marriage 3) our retirement 4) should i prepay loan and start with zero As there is no emergency fund other than the savings. I was planning to increase my MF investments and continue clearing loan via EMI itself. We are in mumbai. No insurance till date.
Ans: Hello;

I am sure you have some EPF corpus accumulated over the years.

It may be utilised to prepay the home loan because that is your biggest liability as of now. (High ROI). If EPF withdrawal is an issue please think about selling the under construction flat by disputed builder.

Home loan repayment has to be priority number 1.

Typically home loan lenders demand term life insurance as collateral security but I am bit surprised in your case it has not happened so.

Nevertheless you should buy pure term plan with adequate sum assured including riders for critical illness and accident benefit.

Once home loan is completely prepayed you may start 2 additional monthly SIPs as follows:
10 K PPFAS flexicap fund
10 K ICICI Pru equity and debt fund

The existing corpus should be earmarked against elder daughter's education.

10 K ppfas flexi cap sip will be for your marriage corpus for daughters.
(55.5 L corpus expected in 15 years)

10 K ICICI Pru equity and debt fund sip will be for education of younger daughter. (~ 25 L corpus expected in 10 years)

36 K sip continued for another 20 years will grow into a retirement corpus of 4.12 Cr.

A modest return of 13% considered for all workings.

Happy Investing!!

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

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Kanchan Rai  |407 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 24, 2024

Asked by Anonymous - Nov 22, 2024
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I was in a relationship with a boy(he is 35 yrs old man, and a lawyer but not practising in a court, he had a lot of relationship during our relationship and after break up , He had changed 4, 5 women or used them physically) for 3 years. It has been three-four months. We are not in a relationship. We have broken up. I told him to delete our personal pics and videos. He is not deleting them and is not blackmailing me either. I told him that since we don't want to be together, we don't have a future together, then delete them. He is not deleting them and is not blackmailing me either and I want him to delete them. Who knows what will come to his mind in the future and what will happen. If we don't continue, he has no right to Keep the pics in your mobile, whatever video is personal to us, don't delete it and don't blackmail me either. I am not able to understand what should I tell him, although I have requested him a lot to delete it but he is not doing it either, He told me that I have kept ur pics and videos So that I cannot complain against him in future. so what should I do, please guide me. I know I had made a huge mistake to love him and gave him right to keep personal pics or videos..
Ans: At this point, it’s essential to protect your emotional and mental health while addressing this issue. You might consider seeking support from someone you trust, such as a close friend or family member, to share this burden. Talking to someone who knows you and your situation can provide comfort and practical guidance.

If he continues to refuse, you may need to explore your legal options. Many countries have laws that protect individuals from having private photos or videos kept or shared without their consent. Taking this step might feel daunting, but it could give you a sense of empowerment and security. It’s not about revenge or escalation; it’s about protecting yourself and asserting your right to move forward without this hanging over you.

On an emotional level, remind yourself that you are not defined by this relationship or the choices you made while in it. You trusted someone who didn’t honor that trust, but this doesn’t diminish your value or strength. It’s natural to feel regret, but you deserve compassion from yourself as you work through this.

You’re not alone in this, and it’s okay to seek help—whether that’s legal advice, emotional support from loved ones, or even professional counseling to navigate the stress and anxiety this situation might be causing. The most important thing now is to take steps that protect your peace of mind and ensure your future isn’t weighed down by his actions.

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Milind

Milind Vadjikar  |687 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 24, 2024

Asked by Anonymous - Nov 23, 2024Hindi
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Hello Team, Hi Dev Sir, I am 43 years old employed. Here are my financial stats: Loan - 35 lacs Saving- 27 lacs 1 house bought in 2009 at rent (14000/month) and valued at 60 lacs Another house which I live is valued at 90 lacs Monthly income after tax - 2.5 lac Monthly expenses- 1 lac PF/gratuity - 16 lacs MF - 2 lacs NPS - 4 lacs What are my options to retire after 5 yrs with good corpus?
Ans: Hello;

What is your monthly contribution to EPF, NPS and MFs?

Please clarify so as to advise you suitably.

Thanks;

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Nayagam P

Nayagam P P  |3918 Answers  |Ask -

Career Counsellor - Answered on Nov 24, 2024

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Sir i am currently in class 11 th and i just want to prepare for jee mains and advanced 2026 exam so give me some roadmap to achieve and also guide me for computer science
Ans: Shreya, I trust that you have already enrolled in a coaching center, whether it be online or in person, and have finished your eleventh syllabus. (1) If you have not yet created your own short-notes for the 11th syllabus that has been completed, prepare it and continue to revise them every three days until 2026, even after you have commenced studying the 12th syllabus in December 2024. (2) Review the questions that you have incorrectly answered or skipped in mock tests conducted by your Coaching Center and/or practiced independently. (3) In order to increase your rank/percentile by targeting computer science at a reputable college/institute, prioritize mathematics (although all three subjects are equally important). (4) You should be thorough with NCERT books, particularly those pertaining to chemistry, in conjunction with the materials provided by your coaching institute. (5) Have 1-2 reference books for each subject. Not exceeding two. (6) Review the questions that were incorrectly answered or skipped in your mock and practice exams and retake the test. It is advisable to maintain a distinct note-book for these types of questions, which should include answers and elucidating notes, in order to review them repeatedly for all three subjects. (7) Download the SYLLABUS of JEE Main 2025 (available on Google by searching for "JEE Main Information Bulletin") and print it out, as there will be no significant changes to the syllabus in 2026. Maintain it on your study table and continue to update the 11th syllabus chapters and concepts that you have covered to date by marking them with a checkmark. This will boost your confidence if you continue to update the same till November 2025. (8) A slight difference in Syllabus might be visible when you acquire the 2026 JEE Main / JEE Advanced Syllabus. The same can be resolved within 15 days to one month in 2025-26. (9) Increase your productivity by studying for 45 minutes to 1 hour, taking a 10-minute break, and then continuing for 45 minutes. (10) Take a 2-3 minute break every 45 minutes while practicing questions, whether offline or online. This break should consist of closing your eyes and taking long breaths to enhance your concentration and mental capacity. (11) Additionally, it is recommended that you acquire the 20-40 PREVIOUS years question paper book of JEE (Main & Advanced) from Amazon. Arihant's, Disha's, or MTG's publications are recommended. Once you have finished reading a chapter, practice and complete it to determine the extent to which you have comprehended the concepts and to identify areas that require improvement. (12) By October 2025, ensure that you have reviewed significantly more than 90% of the previous years questions. Your confidence will be further bolstered by this. (13) After the mock test is completed at your coaching center, clarify all incorrectly answered or ignored questions and continue to revise and practice them, as these types of questions will significantly disrupt your performance in the actual JEE. (14) If you are a regular school student, inquire with your class teacher about the minimum attendance requirement as outlined in the Board's regulations (State, CBSE, ICSE, etc.). Utilize the remaining 15% by taking time off and preparing for your JEE, if only 85% attendance is required. (15) THE MOST IMPORTANT Value Added Suggestion: Rather than solely relying on JEE, please participate in 5-7 entrance exams/counseling process with a JEE score for getting admission into any one of the private engineering colleges to have a variety of options to select the most suitable one. All the BEST for Your Prosperous Future.

To know more on ‘ Careers | Education | Jobs’, ask / follow Us here in RediffGURUS.

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Radheshyam

Radheshyam Zanwar  |1062 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Nov 23, 2024

Asked by Anonymous - Nov 23, 2024Hindi
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Career
My son graduated BE CSC with 8.9 CGP was offered a job as system engineer inTCS in April when he was in his 8th semister. Till November 23 he didn't get the on boarding letter, in the meantime whe appeared in two' exams under same offer. Advice what has been going on.
Ans: Hello.
Whatever you are saying is just shocking. The track record of TCS is not like that, as you described in your question. It would be better to contact TCS again and ask them when they will give on boarding letter. It is not clear from your query whether your son had done some correspondence with TCS or not related to the job offered. It is also not clear which two exams he appeared in. If not selected in a campus interview, searching for a job might be tedious but not so difficult. Ask your son to post a strong resume on the LinkedIn portal and remain in touch with his seniors. Please visit the websites of renowned companies daily to search for vacancies. There are many job-offering portals where he can register his name. Please ask the college placement division for any placement opportunities.
Wishing the best of luck for his bright future.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

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T S Khurana

T S Khurana   |197 Answers  |Ask -

Tax Expert - Answered on Nov 23, 2024

Asked by Anonymous - May 11, 2024Hindi
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Money
Can you please suggest on capital gains as per Indian taxation laws arising in the below two queries : 1) property purchased with joint ownership, me and my wife’s name in 2015 at a cost of 64,80,000, housing improvements done for the cost of 1000000 and brokerages of 200000 paid and sold the same property at 10000000 in Dec 2023? 2) 87% of the proceeds got from the deal i.e 8700000, have been reinvested to pay 25% amount in purchasing another joint ownership property in Dec 2023, 3) I have invested in another under construction property in Nov 2023 by taking housing loan, which is on me and my wife’s name worth 1.4 cr, here the primary applicant is me only while wife is just made a Co applicant in the builder buyer agreement and also on the housing loan . So what are the LTCG tax liabilities arising from the above 3 scenarios for FY 2023-2024 and FY 2024-2025. I intend to sale off the property acquired in (2) by Dec 2024 and use that proceeds to close the housing loan for the property acquired in (3), will this sale of property be inviting any tax liabilities if the complete proceeds received from the sale of the property in (2) would be utilised to close the housing loan taken in Nov 2023 for the property in (3) ? Since in FY 23-24, I would be claiming the LTCG from the sale proceeds of 1) invested in the purchase of property in 2), and I intend to sale off this property in Dec 2024, will the LTCG claim be forfeited on the property sale in (1), should I hold this property at least for further 1 year so that sale of this property in 2) will not invite STCG?
Ans: (A). Let's first talk about F/Y 2023-24 :
You jointly sold a Property during the year for Rs.76.80 lakhs (64.80+10.00+2.00), & sold the same for Rs.100.00 lakhs.
You have jointly also purchased Property No.3 (I suppose it is Residential only), for Rs.140.00 lakhs.
You should avail exemption u/s-54 & file your ITR accordingly. Please disclose all details about sale & purchase in your ITR.
02. Now coming to the F/Y 2024-25 :
You intend to Sell Property No.2, which was acquired in 2023-24. Any Gain on Sale of it would be Short Term capital Gains & taxed accordingly.
Alternatively, you may hold this sale of property no.2 (for 2 years from its purchase) & avoid STCG
You are free to utilize the sale proceeds in a way you like, including paying off your housing Loan.
Please note to avail exemption u/s 54 only from investment in property no.3 & not 2.
Most welcome for any further clarifications. Thanks.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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