diff --git a/server/package.json b/server/package.json
index b7b75b519..bc4526ad3 100644
--- a/server/package.json
+++ b/server/package.json
@@ -41,7 +41,6 @@
     "@nestjs/common": "^9.0.0",
     "@nestjs/config": "^2.3.2",
     "@nestjs/core": "^9.0.0",
-    "@nestjs/event-emitter": "^2.0.3",
     "@nestjs/graphql": "^12.0.8",
     "@nestjs/jwt": "^10.0.3",
     "@nestjs/passport": "^9.0.3",
diff --git a/server/src/app.module.ts b/server/src/app.module.ts
index fc5146c86..da2bc4e25 100644
--- a/server/src/app.module.ts
+++ b/server/src/app.module.ts
@@ -2,7 +2,6 @@ import { Module } from '@nestjs/common';
 import { GraphQLModule } from '@nestjs/graphql';
 import { ConfigModule } from '@nestjs/config';
 import { APP_FILTER, ContextIdFactory, ModuleRef } from '@nestjs/core';
-import { EventEmitterModule } from '@nestjs/event-emitter';
 
 import { YogaDriver, YogaDriverConfig } from '@graphql-yoga/nestjs';
 import GraphQLJSON from 'graphql-type-json';
@@ -104,7 +103,6 @@ import { ExceptionFilter } from './filters/exception.filter';
       resolvers: { JSON: GraphQLJSON },
       plugins: [],
     }),
-    EventEmitterModule.forRoot(),
     HealthModule,
     IntegrationsModule,
     CoreModule,
diff --git a/server/src/database/typeorm/metadata/migrations/1700650554672-addWorkspaceCacheVersion.ts b/server/src/database/typeorm/metadata/migrations/1700650554672-addWorkspaceCacheVersion.ts
new file mode 100644
index 000000000..062fd1f4c
--- /dev/null
+++ b/server/src/database/typeorm/metadata/migrations/1700650554672-addWorkspaceCacheVersion.ts
@@ -0,0 +1,14 @@
+import { MigrationInterface, QueryRunner } from "typeorm";
+
+export class AddWorkspaceCacheVersion1700650554672 implements MigrationInterface {
+    name = 'AddWorkspaceCacheVersion1700650554672'
+
+    public async up(queryRunner: QueryRunner): Promise<void> {
+        await queryRunner.query(`CREATE TABLE "metadata"."workspaceCacheVersion" ("id" uuid NOT NULL DEFAULT uuid_generate_v4(), "workspaceId" character varying NOT NULL, "version" character varying NOT NULL, "createdAt" TIMESTAMP NOT NULL DEFAULT now(), "updatedAt" TIMESTAMP NOT NULL DEFAULT now(), CONSTRAINT "UQ_1a80ecf2638b477809403cc26ed" UNIQUE ("workspaceId"), CONSTRAINT "PK_5d502f8dbfb5b9a8bf2439320e9" PRIMARY KEY ("id"))`);
+    }
+
+    public async down(queryRunner: QueryRunner): Promise<void> {
+        await queryRunner.query(`DROP TABLE "metadata"."workspaceCacheVersion"`);
+    }
+
+}
diff --git a/server/src/metadata/workspace-cache-version/workspace-cache-version.entity.ts b/server/src/metadata/workspace-cache-version/workspace-cache-version.entity.ts
new file mode 100644
index 000000000..682df8e90
--- /dev/null
+++ b/server/src/metadata/workspace-cache-version/workspace-cache-version.entity.ts
@@ -0,0 +1,25 @@
+import {
+  Column,
+  CreateDateColumn,
+  Entity,
+  PrimaryGeneratedColumn,
+  UpdateDateColumn,
+} from 'typeorm';
+
+@Entity('workspaceCacheVersion')
+export class WorkspaceCacheVersionEntity {
+  @PrimaryGeneratedColumn('uuid')
+  id: string;
+
+  @Column({ unique: true })
+  workspaceId: string;
+
+  @Column()
+  version: string;
+
+  @CreateDateColumn()
+  createdAt: Date;
+
+  @UpdateDateColumn()
+  updatedAt: Date;
+}
diff --git a/server/src/metadata/workspace-cache-version/workspace-cache-version.module.ts b/server/src/metadata/workspace-cache-version/workspace-cache-version.module.ts
new file mode 100644
index 000000000..3eaa886ec
--- /dev/null
+++ b/server/src/metadata/workspace-cache-version/workspace-cache-version.module.ts
@@ -0,0 +1,14 @@
+import { Module } from '@nestjs/common';
+import { TypeOrmModule } from '@nestjs/typeorm';
+
+import { WorkspaceCacheVersionEntity } from 'src/metadata/workspace-cache-version/workspace-cache-version.entity';
+import { WorkspaceCacheVersionService } from 'src/metadata/workspace-cache-version/workspace-cache-version.service';
+
+@Module({
+  imports: [
+    TypeOrmModule.forFeature([WorkspaceCacheVersionEntity], 'metadata'),
+  ],
+  exports: [WorkspaceCacheVersionService],
+  providers: [WorkspaceCacheVersionService],
+})
+export class WorkspaceCacheVersionModule {}
diff --git a/server/src/metadata/workspace-cache-version/workspace-cache-version.service.ts b/server/src/metadata/workspace-cache-version/workspace-cache-version.service.ts
new file mode 100644
index 000000000..7a347b7a0
--- /dev/null
+++ b/server/src/metadata/workspace-cache-version/workspace-cache-version.service.ts
@@ -0,0 +1,38 @@
+import { Injectable } from '@nestjs/common';
+import { InjectRepository } from '@nestjs/typeorm';
+
+import { Repository } from 'typeorm';
+
+import { WorkspaceCacheVersionEntity } from 'src/metadata/workspace-cache-version/workspace-cache-version.entity';
+
+@Injectable()
+export class WorkspaceCacheVersionService {
+  constructor(
+    @InjectRepository(WorkspaceCacheVersionEntity, 'metadata')
+    private readonly workspaceCacheVersionRepository: Repository<WorkspaceCacheVersionEntity>,
+  ) {}
+
+  async incrementVersion(workspaceId: string): Promise<void> {
+    const workspaceCacheVersion =
+      (await this.workspaceCacheVersionRepository.findOne({
+        where: { workspaceId },
+      })) ?? { version: '0' };
+
+    await this.workspaceCacheVersionRepository.upsert(
+      {
+        workspaceId,
+        version: `${+workspaceCacheVersion.version + 1}`,
+      },
+      ['workspaceId'],
+    );
+  }
+
+  async getVersion(workspaceId: string): Promise<string> {
+    const workspaceCacheVersion =
+      await this.workspaceCacheVersionRepository.findOne({
+        where: { workspaceId },
+      });
+
+    return workspaceCacheVersion?.version ?? '0';
+  }
+}
diff --git a/server/src/metadata/workspace-migration/workspace-migration.entity.ts b/server/src/metadata/workspace-migration/workspace-migration.entity.ts
index 798dc01aa..1e847c935 100644
--- a/server/src/metadata/workspace-migration/workspace-migration.entity.ts
+++ b/server/src/metadata/workspace-migration/workspace-migration.entity.ts
@@ -34,6 +34,7 @@ export type WorkspaceMigrationTableAction = {
   action: 'create' | 'alter';
   columns?: WorkspaceMigrationColumnAction[];
 };
+
 @Entity('workspaceMigration')
 export class WorkspaceMigrationEntity {
   @PrimaryGeneratedColumn('uuid')
diff --git a/server/src/workspace/workspace-migration-runner/events/workspace-migration-applied.event.ts b/server/src/workspace/workspace-migration-runner/events/workspace-migration-applied.event.ts
deleted file mode 100644
index b529b3f12..000000000
--- a/server/src/workspace/workspace-migration-runner/events/workspace-migration-applied.event.ts
+++ /dev/null
@@ -1,11 +0,0 @@
-export class WorkspaceMigrationAppliedEvent {
-  private readonly _workspaceId: string;
-
-  constructor(worskapceId: string) {
-    this._workspaceId = worskapceId;
-  }
-
-  get workspaceId(): string {
-    return this._workspaceId;
-  }
-}
diff --git a/server/src/workspace/workspace-migration-runner/events/workspace-migration-events.ts b/server/src/workspace/workspace-migration-runner/events/workspace-migration-events.ts
deleted file mode 100644
index 54bb916af..000000000
--- a/server/src/workspace/workspace-migration-runner/events/workspace-migration-events.ts
+++ /dev/null
@@ -1,3 +0,0 @@
-export enum WorkspaceMigrationEvents {
-  MigrationApplied = '@workspace/migration-applied',
-}
diff --git a/server/src/workspace/workspace-migration-runner/workspace-migration-runner.module.ts b/server/src/workspace/workspace-migration-runner/workspace-migration-runner.module.ts
index ac659ad96..96d58101b 100644
--- a/server/src/workspace/workspace-migration-runner/workspace-migration-runner.module.ts
+++ b/server/src/workspace/workspace-migration-runner/workspace-migration-runner.module.ts
@@ -2,11 +2,16 @@ import { Module } from '@nestjs/common';
 
 import { WorkspaceMigrationModule } from 'src/metadata/workspace-migration/workspace-migration.module';
 import { WorkspaceDataSourceModule } from 'src/workspace/workspace-datasource/workspace-datasource.module';
+import { WorkspaceCacheVersionModule } from 'src/metadata/workspace-cache-version/workspace-cache-version.module';
 
 import { WorkspaceMigrationRunnerService } from './workspace-migration-runner.service';
 
 @Module({
-  imports: [WorkspaceDataSourceModule, WorkspaceMigrationModule],
+  imports: [
+    WorkspaceDataSourceModule,
+    WorkspaceMigrationModule,
+    WorkspaceCacheVersionModule,
+  ],
   exports: [WorkspaceMigrationRunnerService],
   providers: [WorkspaceMigrationRunnerService],
 })
diff --git a/server/src/workspace/workspace-migration-runner/workspace-migration-runner.service.ts b/server/src/workspace/workspace-migration-runner/workspace-migration-runner.service.ts
index 00f6a047f..5e43bfc6f 100644
--- a/server/src/workspace/workspace-migration-runner/workspace-migration-runner.service.ts
+++ b/server/src/workspace/workspace-migration-runner/workspace-migration-runner.service.ts
@@ -1,5 +1,4 @@
 import { Injectable } from '@nestjs/common';
-import { EventEmitter2 } from '@nestjs/event-emitter';
 
 import {
   QueryRunner,
@@ -18,8 +17,7 @@ import {
   WorkspaceMigrationColumnCreate,
   WorkspaceMigrationColumnRelation,
 } from 'src/metadata/workspace-migration/workspace-migration.entity';
-import { WorkspaceMigrationEvents } from 'src/workspace/workspace-migration-runner/events/workspace-migration-events';
-import { WorkspaceMigrationAppliedEvent } from 'src/workspace/workspace-migration-runner/events/workspace-migration-applied.event';
+import { WorkspaceCacheVersionService } from 'src/metadata/workspace-cache-version/workspace-cache-version.service';
 
 import { customTableDefaultColumns } from './utils/custom-table-default-column.util';
 
@@ -28,7 +26,7 @@ export class WorkspaceMigrationRunnerService {
   constructor(
     private readonly workspaceDataSourceService: WorkspaceDataSourceService,
     private readonly workspaceMigrationService: WorkspaceMigrationService,
-    private readonly eventEmitter: EventEmitter2,
+    private readonly workspaceCacheVersionService: WorkspaceCacheVersionService,
   ) {}
 
   /**
@@ -82,11 +80,8 @@ export class WorkspaceMigrationRunnerService {
 
     await queryRunner.release();
 
-    // Emit event when migration is applied
-    this.eventEmitter.emit(
-      WorkspaceMigrationEvents.MigrationApplied,
-      new WorkspaceMigrationAppliedEvent(workspaceId),
-    );
+    // Increment workspace cache version
+    await this.workspaceCacheVersionService.incrementVersion(workspaceId);
 
     return flattenedPendingMigrations;
   }
diff --git a/server/src/workspace/workspace-schema-storage/workspace-schema-storage.module.ts b/server/src/workspace/workspace-schema-storage/workspace-schema-storage.module.ts
index 9839c8760..5728f15b0 100644
--- a/server/src/workspace/workspace-schema-storage/workspace-schema-storage.module.ts
+++ b/server/src/workspace/workspace-schema-storage/workspace-schema-storage.module.ts
@@ -6,11 +6,13 @@ import { MemoryStorageModule } from 'src/integrations/memory-storage/memory-stor
 import { MemoryStorageJsonSerializer } from 'src/integrations/memory-storage/serializers/json.serializer';
 import { ObjectMetadataEntity } from 'src/metadata/object-metadata/object-metadata.entity';
 import { ObjectMetadataModule } from 'src/metadata/object-metadata/object-metadata.module';
+import { WorkspaceCacheVersionModule } from 'src/metadata/workspace-cache-version/workspace-cache-version.module';
 import { WorkspaceSchemaStorageService } from 'src/workspace/workspace-schema-storage/workspace-schema-storage.service';
 
 @Module({
   imports: [
     ObjectMetadataModule,
+    WorkspaceCacheVersionModule,
     MemoryStorageModule.forRoot({
       identifier: 'objectMetadataCollection',
       type: MemoryStorageType.Local,
@@ -22,6 +24,11 @@ import { WorkspaceSchemaStorageService } from 'src/workspace/workspace-schema-st
       type: MemoryStorageType.Local,
       options: {},
     }),
+    MemoryStorageModule.forRoot({
+      identifier: 'cacheVersion',
+      type: MemoryStorageType.Local,
+      options: {},
+    }),
   ],
   providers: [WorkspaceSchemaStorageService],
   exports: [WorkspaceSchemaStorageService],
diff --git a/server/src/workspace/workspace-schema-storage/workspace-schema-storage.service.ts b/server/src/workspace/workspace-schema-storage/workspace-schema-storage.service.ts
index c72390293..f661d0e18 100644
--- a/server/src/workspace/workspace-schema-storage/workspace-schema-storage.service.ts
+++ b/server/src/workspace/workspace-schema-storage/workspace-schema-storage.service.ts
@@ -1,11 +1,9 @@
 import { Injectable } from '@nestjs/common';
-import { OnEvent } from '@nestjs/event-emitter';
 
 import { InjectMemoryStorage } from 'src/integrations/memory-storage/decorators/inject-memory-storage.decorator';
 import { MemoryStorageService } from 'src/integrations/memory-storage/memory-storage.service';
 import { ObjectMetadataEntity } from 'src/metadata/object-metadata/object-metadata.entity';
-import { WorkspaceMigrationAppliedEvent } from 'src/workspace/workspace-migration-runner/events/workspace-migration-applied.event';
-import { WorkspaceMigrationEvents } from 'src/workspace/workspace-migration-runner/events/workspace-migration-events';
+import { WorkspaceCacheVersionService } from 'src/metadata/workspace-cache-version/workspace-cache-version.service';
 
 @Injectable()
 export class WorkspaceSchemaStorageService {
@@ -16,8 +14,32 @@ export class WorkspaceSchemaStorageService {
     >,
     @InjectMemoryStorage('typeDefs')
     private readonly typeDefsMemoryStorageService: MemoryStorageService<string>,
+    @InjectMemoryStorage('cacheVersion')
+    private readonly cacheVersionMemoryStorageService: MemoryStorageService<string>,
+    private readonly workspaceCacheVersionService: WorkspaceCacheVersionService,
   ) {}
 
+  async validateCacheVersion(workspaceId: string): Promise<void> {
+    const currentVersion =
+      (await this.cacheVersionMemoryStorageService.read({
+        key: workspaceId,
+      })) ?? '0';
+    const latestVersion = await this.workspaceCacheVersionService.getVersion(
+      workspaceId,
+    );
+
+    if (currentVersion !== latestVersion) {
+      // Invalidate cache if version mismatch is detected
+      await this.invalidateCache(workspaceId);
+
+      // Update the cache version after invalidation
+      await this.cacheVersionMemoryStorageService.write({
+        key: workspaceId,
+        data: latestVersion,
+      });
+    }
+  }
+
   setObjectMetadata(
     workspaceId: string,
     objectMetadata: ObjectMetadataEntity[],
@@ -49,12 +71,8 @@ export class WorkspaceSchemaStorageService {
     });
   }
 
-  /**
-   * Clear the workspace schema storage when new migrations are applied for a specific workspace
-   */
-  @OnEvent(WorkspaceMigrationEvents.MigrationApplied)
-  handleMigrationAppliedEvent({ workspaceId }: WorkspaceMigrationAppliedEvent) {
-    this.objectMetadataMemoryStorageService.delete({ key: workspaceId });
-    this.typeDefsMemoryStorageService.delete({ key: workspaceId });
+  async invalidateCache(workspaceId: string): Promise<void> {
+    await this.objectMetadataMemoryStorageService.delete({ key: workspaceId });
+    await this.typeDefsMemoryStorageService.delete({ key: workspaceId });
   }
 }
diff --git a/server/src/workspace/workspace.factory.ts b/server/src/workspace/workspace.factory.ts
index 638c2f06e..3b1051e99 100644
--- a/server/src/workspace/workspace.factory.ts
+++ b/server/src/workspace/workspace.factory.ts
@@ -39,6 +39,9 @@ export class WorkspaceFactory {
       return new GraphQLSchema({});
     }
 
+    // Validate cache version
+    await this.workspaceSchemaStorageService.validateCacheVersion(workspaceId);
+
     // Get object metadata from cache
     let objectMetadataCollection =
       await this.workspaceSchemaStorageService.getObjectMetadata(workspaceId);
diff --git a/server/yarn.lock b/server/yarn.lock
index 2138b935b..a7b2e5534 100644
--- a/server/yarn.lock
+++ b/server/yarn.lock
@@ -1848,13 +1848,6 @@
     path-to-regexp "3.2.0"
     tslib "2.5.3"
 
-"@nestjs/event-emitter@^2.0.3":
-  version "2.0.3"
-  resolved "https://registry.yarnpkg.com/@nestjs/event-emitter/-/event-emitter-2.0.3.tgz#3bfcb7b580f98b2dee3c44c567b45a506767f559"
-  integrity sha512-Pt7KAERrgK0OjvarSI3wfVhwZ8X1iLq1lXuodyRe+Zx3aLLP7fraFUHirASbFkB6KIQ1Zj+gZ1g8a9eu4GfFhw==
-  dependencies:
-    eventemitter2 "6.4.9"
-
 "@nestjs/graphql@^12.0.8":
   version "12.0.8"
   resolved "https://registry.yarnpkg.com/@nestjs/graphql/-/graphql-12.0.8.tgz#15143b76dfb5fa4dc880d68a1bf2f7159ea077b6"
@@ -5166,11 +5159,6 @@ etag@~1.8.1:
   resolved "https://registry.npmjs.org/etag/-/etag-1.8.1.tgz"
   integrity sha512-aIL5Fx7mawVa300al2BnEE4iNvo1qETxLrPI/o05L7z6go7fCw1J6EQmbK4FmJ2AS7kgVF/KEZWufBfdClMcPg==
 
-eventemitter2@6.4.9:
-  version "6.4.9"
-  resolved "https://registry.yarnpkg.com/eventemitter2/-/eventemitter2-6.4.9.tgz#41f2750781b4230ed58827bc119d293471ecb125"
-  integrity sha512-JEPTiaOt9f04oa6NOkc4aH+nVp5I3wEjpHbIPqfgCdD5v5bUzy7xQqwcVO2aDQgOWhI28da57HksMrzK9HlRxg==
-
 eventemitter3@^3.1.0:
   version "3.1.2"
   resolved "https://registry.npmjs.org/eventemitter3/-/eventemitter3-3.1.2.tgz"