Hi Arun,
review the port: 8080 of jboss, I use the 8180 default in jboss server, and so should be in the build.xml
<waitfor maxwait="5" maxwaitunit="minute" checkevery="30"
checkeveryunit="second" timeoutproperty="jboss.timeout">
<socket server="${jboss.bind.address}" port="8180" />
</waitfor>
Wilman