Heat milk in a deep bottom pan and bring to a boil . Add saffron and pistachios and stir to a mix , boil .
Add cardamom powder and mix well .
Add almond powder and mix well . Boil for 1/2 hour or till the milk is reduced .
Add milkmaid and mix well . Add sugar and mix well .
Boil further till the milk gets reduced .
Bring 4 tablespoons water to a boil in another non stick pan . Add gelatin and let it bloom . Add this to the reducing milk and mix well . Cook for a minute .
Pour the reduced milk mixture into 4 individual mould and refrigerator for 35 minutes or till set .
Unmould the pannacota and drizzled with cherry syrup and served ....