Starting with Titanium 3.3.0.GA Appcelerator has updated their module templates to have a new default folder structure. Along with these directory changes you will notice that you get a permission error when running the ./build.py script, usually something like the error shown below.
To fix this you simply need to run the chmod 755 build.py command in terminal as shown below.
This updates build.py to have the correct permissions so that you can continue your building by running build.py as you’ve always done.