The hotfix available in the below links
Issue 1:
Prior Visual Studio 2010 instance requires Update
Fix Available:
http://www.microsoft.com/en-us/download/details.aspx?id=23691
Issue 2: Microsoft .NET Framework 3.5 Service Pack 1 is required
Fix Available:
http://www.microsoft.com/en-us/download/confirmation.aspx?id=22
Thanks
Thiru
Thiru