Need suggestion.

Our household has a post-tax income of approximately ₹2.7 lakhs per month. I am currently repaying a home loan with an EMI of ₹70,000 and a car loan with an EMI of ₹27,000. The property under the home loan was purchased for ₹1.15 crore and is nearing handover, with an expected resale value of around ₹1.4 crore. I'm considering selling this property after possession, using the proceeds to clear the home loan, and then starting a SIP of ₹70,000 per month for the next 10 years, with the goal of eventually purchasing a new house outright. Is this a good financial strategy?