Titanium Studio : Error loading Android SDK

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I have installed Titanium Studio and it works fine with iOS SDK. I have also downloaded Android SDKs and configured the same in Titanium Studio. However it shows me "Internal error occurred while loading Android SDK.". I don't know how to figure out the issue and unable to find any appropriate solution on Google. Screenshots for both error and SDK installation is attached.

Titanium Studio, build: 3.2.3.201404181442

SDK Manager Error Page

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