The time has come when Google release their new version SDKS and we have got one for 5.0 Lollipop.
Here's a tutorial to show how to install the sdk.
STEP 1: Go to the root of your previously installed Sdk and open sdk manager..
(If don't already have it then click on the link below)
DIRECT DOWNLOAD (32-bit, Windows)
DIRECT DOWNLOAD (64-bit, Windows)
STEP 2: Now in the sdk manager, tick all the tools under android 5.0.
STEP 3: ACCEPT ALL THE LICENSES AND CLICK ON INSTALL.
STEP 4: WAIT FOR EVERYTHING TO GET DOWNLOAD EK AND INSTALLED AND ENJOY THE NEW LOLLIPOP APIS.
SO THIS IS IT AND I'LL HAVE MORE ON LOLLIPOP.. TILL THEN ENJOY..