I installed it directly using neo4j start command.
This time i used 'neo4j console' command and got the following logs. I still couldn't access the webadmin.
WARNING: Detected a limit of 256 for maximum open files, while a minimum value of 40000 is recommended.
WARNING: Problems with the operation of the server may occur. Please refer to the Neo4j manual regarding lifting this limitation.
Starting Neo4j Server console-mode...
15:43:52.102 [main] DEBUG o.a.c.c.ConfigurationUtils - ConfigurationUtils.locate(): base is /Azeez/Softwares/neo4j-community-1.8.M02/conf, name is neo4j-server.properties
15:43:52.109 [main] DEBUG o.a.c.c.ConfigurationUtils - Loading configuration from the path /Azeez/Softwares/neo4j-community-1.8.M02/conf/neo4j-server.properties
5/17/12 3:43:52 PM org.neo4j.server.NeoServerWithEmbeddedWebServer INFO: Starting Neo Server on port [7474] with [20] threads available
5/17/12 3:43:52 PM org.neo4j.server.NeoServerWithEmbeddedWebServer INFO: Enabling HTTPS on port [7473]
15:43:52.499 [main] INFO org.mortbay.log - Logging to Logger[org.mortbay.log] via org.mortbay.log.Slf4jLog
15:43:52.500 [main] DEBUG org.mortbay.log - Container Server@811978b + SelectChannelConnector@localhost:7474 as connector
15:43:52.509 [main] DEBUG org.mortbay.log - Container Server@811978b + SslSocketConnector@localhost:7473 as connector
15:43:52.512 [main] DEBUG org.mortbay.log - Container Server@811978b + org.mortbay.thread.QueuedThreadPool@11a06e38 as threadpool
5/17/12 3:43:52 PM org.neo4j.server.database.Database INFO: Using database at /Azeez/Softwares/neo4j-community-1.8.M02/data/graph.db
15:43:52.788 [main] DEBUG neo4j.xafactory - Opened [/Azeez/Softwares/neo4j-community-1.8.M02/data/graph.db/nioneo_logical.log.1] clean empty log, version=2, lastTxId=1
Logger not configured, logging to std out instead: [FINE] Adding JAXRS packages [org.neo4j.server.rest.discovery] at [/]
5/17/12 3:43:53 PM org.neo4j.server.modules.DiscoveryModule INFO: Mounted discovery module at [/]
Logger not configured, logging to std out instead: [FINE] Adding JAXRS packages [org.neo4j.server.rest.web] at [/db/data]
5/17/12 3:43:53 PM org.neo4j.server.plugins.PluginManager INFO: Loaded server plugin "CypherPlugin"
5/17/12 3:43:53 PM org.neo4j.server.plugins.PluginManager INFO: Loaded server plugin "GremlinPlugin"
5/17/12 3:43:53 PM org.neo4j.server.modules.RESTApiModule INFO: Mounted REST API at [/db/data/]
Logger not configured, logging to std out instead: [FINE] Adding JAXRS packages [org.neo4j.server.webadmin.rest] at [/db/manage]
5/17/12 3:43:53 PM org.neo4j.server.modules.ManagementApiModule INFO: Mounted management API at [/db/manage/]
5/17/12 3:43:53 PM org.neo4j.server.modules.WebAdminModule INFO: Mounted webadmin at [/webadmin]
5/17/12 3:43:53 PM org.neo4j.server.web.Jetty6WebServer INFO: Mounting static content at [/webadmin] from [webadmin-html]
Logger not configured, logging to std out instead: [FINE] Found [jar:file:/Azeez/Softwares/neo4j-community-1.8.M02/system/lib/neo4j-server-1.8.M02-static-web.jar!/webadmin-html]
Logger not configured, logging to std out instead: [FINE] Mounting static content from [jar:file:/Azeez/Softwares/neo4j-community-1.8.M02/system/lib/neo4j-server-1.8.M02-static-web.jar!/webadmin-html] at [/webadmin]
Logger not configured, logging to std out instead: [FINE] Mounting servlet at [/db/manage]
Logger not configured, logging to std out instead: [FINE] Mounting servlet at [/db/data]
Logger not configured, logging to std out instead: [FINE] Mounting servlet at [/]
15:43:53.907 [main] INFO org.mortbay.log - jetty-6.1.25
15:43:54.010 [main] INFO org.mortbay.log - NO JSP Support for /webadmin, did not find org.apache.jasper.servlet.JspServlet
15:43:56.003 [main] INFO org.mortbay.log - Started SelectChannelConnector@localhost:7474
15:43:56.227 [main] INFO org.mortbay.log - Started SslSocketConnector@localhost:7473
5/17/12 3:43:56 PM org.neo4j.server.statistic.StatisticStartupListener INFO: adding statistic-filter to /webadmin
5/17/12 3:43:56 PM org.neo4j.server.statistic.StatisticStartupListener INFO: adding statistic-filter to /db/manage
5/17/12 3:43:56 PM org.neo4j.server.statistic.StatisticStartupListener INFO: adding statistic-filter to /db/data
5/17/12 3:43:56 PM org.neo4j.server.statistic.StatisticStartupListener INFO: adding statistic-filter to /
5/17/12 3:43:56 PM org.neo4j.server.NeoServerWithEmbeddedWebServer INFO: Server started on [
http://localhost:7474/]