Laravel Session Permission Denied issue on Mac

Recently switched to mac, however I am going to below issue when trying login into the laravel based app:

ErrorException in Filesystem.php line 81:
file_put_contents(/var/www/webapp/storage/framework/sessions
/5d81ef5668e268c670c6eec83dccf0ba0d532d7c): failed to open stream: Permission denied

I thought it would be helpful to add the stick the solution here, so anyone suffering with this issue will get benefit:

chmod -R 777 storage/
sudo chmod -R +ai "everyone allow read,write,execute,append,readattr,readextattr,readsecurity,writesecurity,chown" storage/

via rcadhikari