Special Thanks to Angel Venkov and Rama, I now have access to Coherent UI. Just now i finished installing Coherent UI and ran the FPS Sample. Installation is hassle-free and extremely easy. The setup will do all the necessary things. Literally it took only about 3 or 4 minutes to install, build and run everything.
First thing i have to tell is, i can already see Coherent UI as a perfect replacement for Scaleform. Just a few more things exposed to Blueprints and it will be the best UI solution for UE4 available.
If anyone out here plans to get Coherent-UI, I can guarantee you its the best you can get. There’s no need to look for another. Coherent-UI + Adobe Edge Animate is exactly like Scaleform + Adobe Flash in UDK.
Here is a basic guide on Coherent-UI in UE4;