The Mumbai bench of ITAT (Income Tax Appellate Tribunal) has recently held that the date of allotment of a house – and not the date of registration — will be considered as the date of its acquisition. The ruling, thus, will help taxpayers while computing long-term capital gain on the sale of house property.
2)In fact, in January 2019, the Bombay High Court held that for computing capital gains on sale of property, the date of allotment will be considered as the date of acquisition of the property. And the Mumbai ITAT decision reiterates the principles laid down by the Bombay High Court
3) in your case it would attract long term capital gains