I installed Android Studio but it was giving me error that I need to install JDK but JDK was already installed. Then I realized it is asking to install 64bit version of JDK.
1) Just install JDK from here
2) Change JAVA_HOME variable (e.g. C:\Program Files\Java\jdk1.8.0_112)
JAVA_HOME
C:\Program Files\Java\jdk1.8.0_112