Union Minister for Housing and Urban Poverty Alleviation M Venkaiah Naidu has advised the states to roll out the real estate regulatory mechanism by end-July. In a letter, the minister pointed out that only Maharashtra and Madhya Pradesh have so far established a Regulatory Authority as mandated by the Real Estate (Regulation and Development) Act (RERA), while none of the states has established an Appellate Authority. The letter states, "If the rules are not notified under the Act immediately and the Regulatory Authority established by July 2017, with a functional website for project and agent registration, there would be a serious disorder in the sector. If the promoters of real estate projects are not able to register their projects for want of rules and regulatory authority in the State/ UT, the responsibility for violation of the Act would lie squarely on the State/ UT government." In his letter, Naidu termed RERA as "not only a consumer welfare legislation but also aimed at introducing governance in the real estate sector for its long-term growth". On Monday, at an event hosted by the National Housing Bank, Naidu had said that all states have to notify the rules under the Real Estate Regulatory Act, appoint regulators, and set the provisions of the Act in motion by July 31.