How to fix This site can't be reached error

Right click on your MVC Project. Go to Properties. Go to the Web tab.
Change the port number in the Project Url. Example. localhost:50645
Changing the bold number, 50645, to anything else will change the port the site runs under.
Press the Create Virtual Directory button to complete the process.

See also: http://msdn.microsoft.com/en-us/library/ms178109.ASPX

1.Image shows the web tab of an MVC Project 

2. rename Applicationhost configuration file