Geting "SharePoint Not Installed on this computer. A SharePoint server must be installed to work with SharePoint projects" error in my sp2013 dev box????

Hi All,

Please help me on this issue.

My dev box software configuration is

1) Windows 2008 r2 Standard

2) Share Point2013 server

3) VS Premium 2012 and VS 2010 professional

4) Sqlserver 2008 r2

So I tried to create new visual webpart in vs2012 i am getting the below error while creating so please help me on this issue.

"SharePoint Not Installed on this computer. A SharePoint server must be installed to work with SharePoint projets"

Phani kumar