Ideas to make big bucks with my house

I have an old house in madurai(thirumangalam), in which I don't really plan on living. Currently renting it, but maintaining the house and the tenants is headache, I also can't just leave it be. So I want some ideas as to how to make use of this property. My recent idea was to demolish the old building and to build an apartment in it's place and sell the flats. In this case, what kind of deal should I go for? Get an loan and build an apartment? Or just make a deal with the builder to give me half the flats built to me in return for letting him build on my land?(Pls note that whatever the idea, it should require minimal capital) I would really appreciate any kind of ideas.