Problem while loading the project in the VS.
When i opened Project in Visual Studio (As Administrator) it shows me the following error.
"The Web Application Project is configured to use IIS. To access local IIS Web sites, you must run Visual Studio in the context of an administrator account."
Even i modified the value of the <UseIISExpress>false</UseIISExpress> to <UseIISExpress>True</UseIISExpress>