as of March 15, 2017

UPDATE
Fixed at
SAP Crystal Reports, developer version for Microsoft Visual Studio - Service Pack 16 and after

There had been a bug in SAP Crystal Reports, developer version for Microsoft Visual Studio prior to Service Pack 16

How to FIX

Installing onto Windows 10 x86 format indicates there is no VS installed - as a temporary workaround create the 64 bit regsitry key the installer is looking for:

HKLM\SOFTWARE\Wow6432Node\Microsoft\DevDiv\vs\Servicing\14.0\professional

Create key named “Install” REG_DWORD and value as 1