Constant File Cache Conflict

I recently set up pycharm on a new machine and constantly I am getting "File Cache Conflict" modal.
I have only one copy of the source. It happening for all the files. I have attached the idea.log file.
Please help as am not able to get work done because of this issue.

I had reported, but none was responded

https://youtrack.jetbrains.com/issue/PY-26879