Unsupported template dependency: Upgrade your android eclipse plugin

Once I was working on creating an android application and while configuring, I got this error as "Unsupported template dependency: Upgrade your android eclipse plugin". Below it was written as :
Required version: (empty)
Installed Version: 18

Here, I got the fix for this issue.
Suppose if you selected for Blank Activity then you have to make one change as follows:
Go to sdk/tools/templates/activities/BlankActivity/template.xml
and comment out the dependency tag as follows:
<!--<dependency name="appcompat" version="v7" />-->

Thats it. You are done. Restart eclipse and try to create again. This fixed my issue.

Similarly, if you selected for MasterDetailFlow then
Go to sdk/tools/templates/activities/MasterDetailFlow/template.xml and comment the line
<!--<dependency name="support" version="v4" />
<dependency name="android-support-v4" revision="8"/>-->

Thats it. Above steps should fix your issue of unsupported template dependency.