Hello Ashok,
Please kindly note that this forum is meant for general discussion of the App Engine platform, not specific technical issues.
However looking into the error “BindError: Unable to bind localhost:8080” it appears another process is already bound to port 8080. You might be using another instance of your development server at the same time.
There are two possible solutions:
1. Change the port number for the development server with the ‘port’ flag (best choice):
$ dev_appserver.py app.yaml --port=8081
2. Kill the process using the busy port (more “aggressive” choice):
$ fuser -k 8080/tcp
and retry again.
This two StackOverflow cases [1][2] has also provided solutions for similar issues.
If you are still unable to resolve the issue you can report this by creating an issue in the Issue Tracker and Google Cloud Support team member will assist you to resolve your issue.