Android Studio fails to install update (error : Failed to read or create install properties file.)

Question

Screenshot of error

I am running [ Android Studio 2.3 Build #AI-162.3764568, built on February 24, 2017 JRE: 1.8.0_112-release-b06 amd64

Answer 1

I ran the Android studio as administrator and then it worked as it is a permission issue.