Every single time I run the emulator, I lose huge amount of disk space. How can I relocate where the AVD folder stores the emulator files?
You can change the AVD path location in two ways:
Using the ANDROID_SDK_HOME and the -pparameter.
Secondly, locate the AVD file and then copy it to some other location. Locate the INI file as well, and modify the path to reflect the new one and that's it.