Hi Andreas,
Thank You so much. Yes, this link did help me.
Changing the port Number to the one on which bitcoind was running solved 
the problem for me.

On Saturday, June 3, 2017 at 2:46:04 PM UTC+5:30, Andreas Schildbach wrote:
>
> You seem to be talking about Bitcoin Core. This link might help you: 
>
> https://bitcoin.org/en/developer-examples#regtest-mode 
>
>
> On 06/02/2017 06:40 PM, BitCoinX3 wrote: 
> > I am facing the same problem. 
> > How do I setup the RegTest network? 
> > Do I have to make changes in the bitcoin.conf file? 
>
>
>

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