getting time out error while connecting postgres in sails application in development mode? - sails.js

Question

I am trying to develop a simple HTTP API using sails framework. I have created models, controllers, helpers and routes in order to complete the workflow of the API but when I am lifting sails app in development mode , I am getting a timeout error for setting migrate=alter. After debugging on my own I got to the conclusion that my sails app is not connecting with the postgres.
I have installed all the related dependencies (ex. sails-postgresql, pg etc..), I am setting a correct URL in config.model file. I don't know what I am missing with this..
Any suggestions???
versions: sails-1.2.4, postgresql-12.4
edit: This is the error I am getting.
nirajrajput#Nirajs-MacBook-Pro demosails % node app.js
(node:29522) Warning: Accessing non-existent property 'padLevels' of
module exports inside circular dependency
(Use `node --trace-warnings ...` to show where the warning was
created)
info: ·• Auto-migrating... (alter)
info: Hold tight, this could take a moment.
error: Failed to lift app: Error: Sails is taking too long to load.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
-- -- --
Troubleshooting tips:
-• Were you still reading/responding to an interactive prompt?
(Whoops, sorry! Please lift again and try to respond a bit more
quickly.)
-• Do you have a lot of stuff in `assets/`? Grunt might still be
running.
(Try increasing the hook timeout. Currently it is 40000.
e.g. `sails lift --hookTimeout=80000`)
-• Is `blueprints` a custom or 3rd party hook?
(*If* `initialize()` is using a callback, make sure it's being
called.)
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
-- -- --
at Timeout.tooLong [as _onTimeout] (/Users/nirajrajput/demosails/node_modules/sails/lib/app/private/loadHooks.js:191:21)
at listOnTimeout (internal/timers.js:551:17)
at processTimers (internal/timers.js:494:7)