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Return to MS or M.Tech..
Usually most students prefer M.Tech. to M.S. in the same University. Reason is mainly the fixed duration of M.Tech. compared to not so fixed duration for M.S.
In short, if you are not sure prefer M.Tech. If you are really into a research area prefer M.S. Opportunity wise not much difference. I would always prefer an M.S. from an IIT/IISc compared to M.Tech. in top NITs even if its risking 1 extra year. Many people do the other way.
Research is different from course oriented M.Tech. In most places we have M.Tech. (TA) where TA is for Teaching Assistant-ship and you are paid for helping conduct bachelors courses (like evaluating papers) or managing the labs. In M.Tech. (RA) you are supposed to aid in some research and this might have to do with running some experiments, coding something etc. Pure Masters research would be like a starting to Ph.D. and you will be just focusing on a select subject and finding and solving a problem which has importance in the area.
Selecting a proper domain for Masters