I think domain leasing only works for really high value domains (e.g. worth more than $1 Million).
I've done a few rent to own type of agreements though and they seem to work well.
Rick Shwartz from JointVentures.com is doing domain leasing for high value .com domains. If you have a keyword/premium .in domain you can sign up at jointventure.in and your domain would be setup with the option for interested parties to advertise, buy and/or lease your domain.
An example of what your site could look like:
Your Guide To Jobs In India
Best,
Indy