Hi Vadim,
Thanks for your reply, however when I validate in UJKT it gives me the following error UJK_VALIDATION_EXCEPTION: Property Value not found. But I have maintained MATERIAL property in the MULTI_LVL dimension.
I found the below threads in SDN, but aren't helpful
http://scn.sap.com/thread/1928579
https://scn.sap.com/message/11074686
Thanks,
Rohit