Sep 03, 2015 07:57 AM|francissvk|LINK
Since yours is MVC application, instead of selecting "Browse", type the url directly in the browser itself like:
http://localhost/mvcdemo/ - This is your virtual directory
Home/Index - This is your Controller/Action method.
This is how you need to browse. I have followed your way in my local machine too, i got the same error too. Hope this helps!