With the government doing away with the mandatory requirement of 10 hectares for setting up an IT or ITES SEZ, smaller IT companies are looking to launch their own SEZs. They now need 100,000 sq. m for the seven metros, 50,000 sq. m for Cat B cities and 25,000 sq. m for remaining cities. In cities such as Chennai (where the FSI for IT Parks is as high as 3.25-3.75, SEZ can now come up on 7 acres, says Ramesh Nair, MD, Jones Lang LaSale. Also, developers who have already met the minimum criteria can convert the balance land for residential use, giving a mixed-use edge to projects. The ruling also, importantly, makes it easier to exit from SEZs given that transfer of ownership, including sale, is now allowed.