Local path doesn't exist...and apk file is not generating

Question

When i run application on my connected device, after selecting an device it shows unexpected error,local path doesn't exist.

Answer 1

In build.gradle check if gradle is updated to latest.

buildscript {
    repositories {
        mavenCentral()
    }
    dependencies {
        classpath 'com.android.tools.build:gradle:1.3.1'
    }
}

After that clean and rebuild your project.