Android Gradle Could not reserve enough space for object heap

For Android Studio 1.3 : (Method 1)

Step 1 : Open gradle.properties file in your Android Studio project.

Step 2 : Add this line at the end of the file

org.gradle.jvmargs=-XX\:MaxHeapSize\=256m -Xmx256m

Above methods seems to work but if in case it won't then do this (Method 2)

Step 1 : Start Android studio and close any open project (File > Close Project).

Step 2 : On Welcome window, Go to Configure > Settings.

Step 3 : Go to Build, Execution, Deployment > Compiler

Step 4 : Change Build process heap size (Mbytes) to 1024 and Additional build process to VM Options to -Xmx512m.

Step 5 : Close or Restart Android Studio.

Add the following line in MyApplicationDir\gradle.properties

org.gradle.jvmargs=-Xmx1024m

in gradle.properties, you can even delete

org.gradle.jvmargs=-Xmx1536m

such lines or comment them out. Let android studio decide for it. When I ran into this same problem, none of above solutions worked for me. Commenting out this line in gradle.properties helped in solving that error.