Many rivers across the district are also in spate due to heavy rains.
While one elderly woman was killed in wall collapse in the district, a couple is feared washed away in flash flood in Umrale village.
Unabated downpour which gained intensity in last 48 hours, caused water-logging in areas like Ramwadi, Bohorpatti, Bhandi Bazar, Saraf Bazar and in some slum pockets.
As authorities released water from Gangapur dam, the river level rose significantly, causing many bridges in Old Nashik area to undergo water.
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In Nashik city, Godavari river water gushed into many areas adjacent to the river.
Many ancient temples located on the banks of the river submerged due to flood while few steps of famous Naroshankar temple near 'Ramkund' are also under water.
The administration has already alerted people staying in vicinity of the river to move to safer places as more water is likely to released from Gangapur dam in night.
Senior officials, including Police Commissioner S. Jagannathan and Collector Radhakrishanan are closely monitoring the flood situation.
Meanwhile, heavy rush of people to witness flood caused traffic snarls in areas like Someshwar, Old Nashik, Holkar Bridge, etc.
According to an official, all seven doors of Nandur Madhmeshwar dam were opened today, which caused flood water to gush into Chandori and Saykheda villages.
The administration has sought help of 300 Army jawans to meet any eventuality, especially in Chandori village.
In a rain-related mishap, a 75-year-old-woman was killed when wall of her house collapsed at Induri village in Dindori taluka.
In late evening, police closed for traffic the 150-year-old Victoria bridge as a precautionary measure in view of flood.
An 18-month-old toddler who was trapped in his shanty near Khetwani Lawns on Untwadi Road due to water-logging, was rescued by police, a senior officer said.
The rain fury caused gushing of water into basement of a mall.
Civic corporation has shifted people living near the river to schools and community halls in view of flood, stated a press release.