Version of Android Studio (Beta) 0.8.4
OS version: Windows 8
Java JRE/JDK version: 1.8.0_11
Error occurred during initialization of VM
Could not reserve enough space for 1048576KB object heap
Java HotSpot(TM) Client VM warning: ignoring option MaxPermSize=256m; support was removed in 8.0
>Solution :
The Solution Worked:
1.Open the projects gradle.properties file in android studio
2.Added this line at end of file org.gradle.jvmargs=-Xmx1024m & Save the file
3.Close & reopen the project or just Clean and re-Build it