But most of the time, banks do not grant housing credit for the purchase of land / land, because it is difficult to take possession of the land / vacant land in case of default. In cases where you have purchased and taken possession of real estate under a contract of sale, title to the property remains in the hands of the developer, unless a certificate of sale has been executed a posteriori and registered under the Indian Registration Act. Thus, it is clear that a title to immovable property can only be transferred by a deed of sale. In the absence of a duly stamped and registered deed of sale, the buyer of the property does not have the right, title or interest in a property. “A sales agreement is not synonymous with a certificate of sale of the same property.” “By simply passing on the name in mutation records, one cannot say that he/she has ownership of the property. Please note that in the absence of a certificate of sale registered in his name, the transfer is invalid and illegal. A sales document is a document that proves that the seller has transferred absolute ownership of the property to the buyer.. . .