but no item in error list. Please suggest
Close all open files.
Clean your solution.
Close the Visual Studio
Rebuild the solution.
If it doesn't help you out go through other exercises for this kind of problem - http://connect.microsoft.com/VisualStudio/feedback/details/539883/build-failed-but-no-errors-reported
Hi
Moreover, you could try the method taken in this-
http://social.msdn.microsoft.com/Forums/en-US/msbuild/thread/5c505da8-143f-4e0d-89a6-b19c3faf9bcb