Preleased property refers to a property which is currently on rent and the property owner has put it up for sale in the market. The owner is willing to pass on the rent to the new buyer. A preleased property can be residential or commercial. However you get more returns on a commercial property than on a residential property in Mumbai. There is a good demand for preleased commercial properties as buyers get to park their funds for long term and also receive regular monthly rental income.
Preleased properties in Mumbai has a good demand. They are great for investors as well as for real estate investments.