How to increase IDE memory limit in IntelliJ IDEA on Windows?

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asked Feb 2 by Hitesh Garg (135 points)  

I am using IntelliJ idea 14.1.7 and whenever I run multiple or heavy processes it slows down a lot and even mouse movements are not smooth.
It generally shows the 700 of 750 MB (generally it is above 700 MB) in the bottom right corner.
How can I increase the maximum memory my IDE can use?

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