FLORA PRESTIGE

FLORA PRESTIGE is a residential apartment project by Allwin Developers located in Panchavati, Nashik, Maharashtra. The project is registered under MahaRERA with registration number P51600010301, filed in August 2017. Spread across a single structure with A and B wings, the development offers 32 apartments across 5 floors in the heart of Panchavati — one of Nashik's most prominent localities known for its proximity to the Godavari river and the iconic Kala Ram Temple. The project was originally slated for completion by August 2020. However, as of April 2026, construction has progressed to only 59% and the project is currently listed as 'Kept in Abeyance' by MahaRERA. This status indicates that the promoter's bank account has been frozen and the developer is prohibited from executing sale deeds or agreements for sale with allottees, due to non-compliance with Quarterly Progress Report (QPR) requirements mandated by the Maharashtra Real Estate Regulatory Authority. Based on available information from the developer's comparable project 'Allwin Flora Heights' in the same Panchavati locality, the project likely offers 3 BHK apartments in the range of approximately 1,180 square feet, with amenities expected to include a clubhouse, gymnasium, landscape garden, children's play area, and lifts. The project is designed with Vastu-compliance principles. Allwin Developers is a local Nashik-based builder with several residential projects in the Panchavati area, including Allwin Flora Heights and Allwin Vrundavan Apartments. While the developer has delivered completed projects in the same locality, Flora Prestige has faced significant regulatory and construction challenges. IMPORTANT FOR PROSPECTIVE BUYERS: Given the project's current abeyance status, bank account freeze, and the fact that zero out of 32 units have been booked, prospective buyers and investors are strongly advised to conduct thorough due diligence, consult a RERA-qualified legal advisor, and verify the project's current regulatory standing directly with MahaRERA before making any financial commitments. The project's extended delay and regulatory non-compliance represent substantial risks.