HTTP Error 503

[Guest]

Hi All
Iam trying to open a New Project using VB.Net/ASP.Net. and Iam getting the
following error

The default web access mode for this project is set to file share,but the
project folder at 'http://localhost/webApplication1' cannot be open with path
'c:\Inetpub\wwwroot\webApplication1'

Unable to create Web Project 'WebApplication1' .The File Path
'c:\Inetpub\wwwroot\webApplication1' does not correspond to the URL
'Http://localhost/WebApplication1'. The two need to map on the same Server
location.Http Error 503: Server unavailable

 

[Guest]

You need to create an IIS application. Try right-clicking on the
WebApplication1 directory which it appears you have set to
c:\inetpub\wwwroot\webapplication1. Select properties from the context menu
and then select the Web Sharing tab. Select the Share this folder radio
button and accept all defaults and click Ok. Click OK once again to close
the Properties window. This has the same effect as opening IIS,
right-clicking on the WebApplication1 vdir, selecting properties and in the
application settings section clicking Create.