Gradle project sync failed. Basic functionality (e.g, editing, debugging) will not work properly.

Gradle is an open source build tool which help us to accelerate developer productivity.

• Go to Gradle Services website(http://services.gradle.org/distributions/) and download the latest version

• Download the latest version gradle-4.7-rc-1-all.zip ( Latest version while writing this article) and you can download greater than 4.7 if available and make sure the zip file contains "all" keyword (gradle-*.*-rc-*-all.zip).

• Go to your download location and unzip the downloaded file

• Android Studio > File >  Settings > Build, Execution, Deployment

•  Gradle

• Project-level settings -> Select Use local gradle distribution -> Select the unzip folder of downloaded gradle version -> Click OK button to exit from the Settings window.

• Please Wait until Gradle build completes and your problem have been resolved.

 If gradle build failed, follow few more steps to get resolved

• Final step to resolve this error
• Go to your project -> Gradle script -> build.gradle(Module.app)
• Change the targetsdkversion to be compilesdkversion (both should be equal)
• Click the Try again link in Gradle notification and your gradle will be finished without any problems.