Batchfile access denied when creating C++ Project

Hi I am getting started with UE5 yet can not create C++ project. I am able to create Bluprint project. I have tried running Visual Studio as administrator, modifying file security properties, but yet still not able to resolve the error. I am able to create C++ projects using 4.21.2. My Windows version is Windows 11 version 10.0.22621.2283

An error occurred while trying to generate project files.

Running E:/UnrealEngine/UE_5.3/Engine/Build/BatchFiles/Build.bat -projectfiles -project=“E:/unrealProjects/MyProject2/MyProject2.uproject” -game -rocket -progress
CreateProc failed: Access is denied. (0x00000005)
URL: E:/UnrealEngine/UE_5.3/Engine/Build/BatchFiles/Build.bat -projectfiles -project=“E:/unrealProjects/MyProject2/MyProject2.uproject” -game -rocket -progress
Couldn’t create process ‘E:/UnrealEngine/UE_5.3/Engine/Build/BatchFiles/Build.bat’