Slow Kotlin autocomplete Android studio

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I am using Android studio 4.1.3 and all Kotlin plugins updated to latest version, however autocomplete takes almost 1 second and feels very very unresponsive, this lags drops down the productivity and increase typing time.

For reference in same Android project in Java file autocomplete almost immediate.

I don't understand why it's so slow, or maybe I missed something in the configuration?

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