This is the question most of the people asking. So, just thought of posting it for my readers.
Report project template is associated with the reporting services in the Sql server. This template is not an addin to visual studio or a specific download won't be available. You will see the template if and only if you install client tools while installing the Sql Server. So, to get that template, open the sql server setup file and select the client tools option from the list of features available. That's it!!! Let me know, if you have any issues to questions.