Dear @Muthu,
Please, try the following - first disable redirection, then redirect manually once the operation is complete:
fd.spSaved(function(result) {
var redirect = result.RedirectUrl;
result.RedirectUrl = null;
var siteURL = 'https://abcd.sharepoint.com/sites/ProjectsDashboard';
let web = new Web(siteURL);
const i = web.lists.getByTitle('Projects').items.getById(result.Id).update({
ProjectID: "PROJ" + result.Id
}).then(function(){
console.log("Updated!");
window.location.href = redirect;
});
});