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The CIDCO lottery deposit amount refers to the initial payment required for participating in housing schemes organized by the City and Industrial Development Corporation （CIDCO） in India. This deposit is a crucial step for applicants seeking affordable homes in rapidly developing urban areas like Navi Mumbai. Typically, the deposit amount varies based on the specific lottery scheme, project location, and type of housing unit, such as EWS, LIG, or HIG categories. It ensures that only serious buyers apply, helping to streamline the allocation process. For instance, in recent lotteries, deposits have ranged from a few thousand to lakhs of rupees, payable through online portals or designated banks. Understanding this deposit is essential for potential homebuyers to plan their finances and comply with application guidelines. |
