Cannot find module 'file-system/file-system-access'

I get following error when running application.

Note:
------
Below error is thrown only when node_modules directory is present in the project. To work around the issue i have to clear the node_modules directory every time (annoying) and run the command `$tns debug ios`

Error:
-------
**`$ tns debug ios`**
Executing before-prepare hook from /Users/jayandhanrajasundaram/Documents/workspace/PCA-MobileApp/hooks/before-prepare/nativescript-dev-android-snapshot.js
Executing before-prepare hook from /Users/jayandhanrajasundaram/Documents/workspace/PCA-MobileApp/hooks/before-prepare/nativescript-dev-typescript.js
Found peer TypeScript 2.2.2
Executing before-prepare hook from /Users/jayandhanrajasundaram/Documents/workspace/PCA-MobileApp/hooks/before-prepare/nativescript-nodeify.js
**Cannot find module 'file-system/file-system-access'**
Sending exception report (press Ctrl+C to stop).....

PACKAGE.JSON
--------------------
{

/* Project info is skipped */

"nativescript": {
"id": "org.nativescript.BlueCare",
"nodeify": {
"package-dependencies": {
"aws-sdk": [
{
"xml/browser_parser": "xml/node_parser"
}
]
}
},
"tns-ios": {
"version": "2.5.0"
},
"tns-android": {
"version": "2.5.0"
}
},
"dependencies": {
"@angular/common": "2.4.3",
"@angular/compiler": "2.4.3",
"@angular/core": "2.4.3",
"@angular/forms": "2.4.3",
"@angular/http": "2.4.3",
"@angular/platform-browser": "2.4.3",
"@angular/platform-browser-dynamic": "2.4.3",
"@angular/router": "3.4.3",
"amazon-cognito-identity-js": "^1.8.0",
"jsonwebtoken": "7.2.1",
"nativescript-angular": "1.4.0",
"nativescript-checkbox": "^1.2.8",
"nativescript-geolocation": "0.0.19",
"nativescript-nodeify": "0.5.3",
"nativescript-oauth": "1.3.0",
"nativescript-telerik-ui": "^1.6.2",
"nativescript-theme-core": "1.0.2",
"nativescript-unit-test-runner": "0.3.0",
"node-uuid": "1.4.7",
"reflect-metadata": "0.1.8",
"rxjs": "5.0.1",
"tns-core-modules": "2.5.0",
"tslib": "^1.6.0"
},
"devDependencies": {
"babel-traverse": "6.23.1",
"babel-types": "6.23.0",
"babylon": "6.16.1",
"filewalker": "0.1.2",
"jasmine-core": "^2.5.2",
"karma": "^1.5.0",
"karma-jasmine": "^1.1.0",
"karma-nativescript-launcher": "^0.4.0",
"lazy": "1.0.11",
"nativescript-dev-android-snapshot": "^0.*.*",
"nativescript-dev-typescript": "^0.3.5",
"typescript": "latest",
"zone.js": "~0.7.2"
},
"scripts": {
"tsc": "tsc"
}

}