Android Studio Can't Create new Android Project

I recommend you to Reset your Android Studio instead of fresh installation(At least give a try).

On Windows:

Go to your User Profile Folder - on Windows 7/8 this would be:

 [SYSDRIVE]:\Users\[your username] (ex. C:\Users\pyus13)

Inside this there will be a folder named .AndroidStudioPreview (It can be hidden so please check ).

Delete this folder (Better to take a backup before deletion).

This will reset your AS to defaults.

Now Start your Android Studio you will see the start dialog with settings.

Do the following to set your Android sdk path :

 Go into Configure → Project Defaults → Project Structure → Project

Add new SDK and referencing to the SDK Folder that you have and then click apply and ok.

Try to open any of your earlier project or create new one and check. try syncing with Gradle after opening project.

For Linux

Depending on your AndroidStudio version, the settings are stored in ~/.AndroidStudio, ~/.AndroidStudio1.1 or ~/.AndroidStudio1.2.

Open a terminal and run the following code:

ls -a | grep Android # See which of those three folders above you have. Then rename each of the settings folders you have with the appropriate mv command:

mv .AndroidStudio .AndroidStudio.bak
mv .AndroidStudio1.1 .AndroidStudio1.1.bak
mv .AndroidStudio1.2 .AndroidStudio1.2.bak

Go to preference > Plugins uncheck the plugins which appear in red colour and recheck it again. Do apply Now the issue will get resolved

Resetting Android Studio worked for me!

You can reset studio by deleting .AndroidStudio directory from Users directory.

C:\Users\Abc\\.AndroidStudio

Thanks.