Incorrect flag in gradle.properties

Build fails on macOS + JDK17 with exception:

FAILURE: Build failed with an exception.

* What went wrong:
Unable to start the daemon process.
This problem might be caused by incorrect configuration of the daemon.
For example, an unrecognized jvm option is used.
Please refer to the User Manual chapter on the daemon at https://docs.gradle.org/7.1/userguide/gradle_daemon.html
Process command line: /Library/Java/JavaVirtualMachines/zulu-17.jdk/Contents/Home/bin/java -XX:MaxPermSize=1024m -XX:+HeapDumpOnOutOfMemoryError --add-opens java.base/java.util=ALL-UNNAMED --add-opens java.base/java.lang=ALL-UNNAMED --add-opens java.base/java.lang.invoke=ALL-UNNAMED --add-opens java.base/java.util=ALL-UNNAMED --add-opens java.prefs/java.util.prefs=ALL-UNNAMED --add-opens java.prefs/java.util.prefs=ALL-UNNAMED --add-opens java.base/java.nio.charset=ALL-UNNAMED --add-opens java.base/java.net=ALL-UNNAMED --add-opens java.base/java.util.concurrent.atomic=ALL-UNNAMED -Xmx2048m -Dfile.encoding=UTF-8 -Duser.country=UA -Duser.language=en -Duser.variant -cp /Users/artemkalachyan/.gradle/wrapper/dists/gradle-7.1-bin/4pslxx9lrxt5svtz5wbnb6tkz/gradle-7.1/lib/gradle-launcher-7.1.jar org.gradle.launcher.daemon.bootstrap.GradleDaemon 7.1
Please read the following process output to find out more:
-----------------------
Unrecognized VM option 'MaxPermSize=1024m'
Error: Could not create the Java Virtual Machine.
Error: A fatal exception has occurred. Program will exit.

after removing -XX:MaxPermSize=1024m from gradle.properties builds correctly.