India, Feb. 3 -- Homebuyers' body FPCE has expressed support for the launch of SWAMIH Fund 2, urging that stalled projects be completed to "clean the slate once and for all." While the fund is a 'positive step,' the forum stressed the need to identify and adequately fund all outstanding projects. It said builders who have put homebuyers' hard-earned money at risk should be barred from launching new projects.

Forum For People's Collective Efforts has said that the announcement of a fresh Rs.15,000 crore SWAMIH Fund 2 for the completion of 1 lakh units in stalled housing projects is a much-needed step and will provide relief to thousands of homebuyers who have not received possession of their homes for years.

"It's time to complete all su...