Is there a difference between an Agreement and a Sale Deed in India? Should I ask the builder to transfer the property to the owner through a Sale Deed before I buy it? The owner doesn’t have any outstanding loans on the property.

Yes, an Agreement for Sale outlines the terms of a future sale while a Sale Deed legally transfers ownership. You should always insist on a Sale Deed before buying as it provides legal ownership and protects your interests. The builder should be obligated to transfer ownership through a Sale Deed.