Hi Srikanth,
From your configuration files I see that you changed only the fourth field of the Product Version for the upgraded version of your product, so this may be the cause of your problem.
Please note that the fourth field of the Product Version is ignored by Windows Installer when comparing product versions. This is why you should make sure the first three fields of your upgraded Product Version have an increased version than those of your old Product Version.
When the first three fields of the old and upgraded Product Version are identical, then the upgrade installation will either fail with "Another version of this product is already installed" message or will be installed side by side with the old version (when using different Product Codes).
If you want to change only the fourth field of the Product Version, you can implement the solution described in the "
How do I remove the old version when using the fourth field of the Product Version" FAQ.
Best regards,
Eusebiu