I bought the physical copy of the game and when I installed it during 3rd disc I get the error message as "Installation failed with code -10: File reading error". I tried copying the third disc to my hard disk but I get error message as can't read the disc. So I thought there is a problem with my disc and I got my friend'd physical copy of the game and installed it. Still I get the same error.

maybe your drive then ?

U mean my dvd drive? If it is the case, then how first and second disc gets installed properly? If the problem is with my hard disk, then how other games like GTA V works flawlessly? I couldn't even find the cause for this problem...

It might still be your HDD. Other games and first two discs are saved to a location on the HDD which isn't corrupt. The third one is being copied to one with logical or maybe even physical errors. I'd recommend checking the HDD for errors (the built-in Windows tool should be enough).

Ok, I'll check my hard disk. Also let me try with different dvd drive and update this post.

Checked for disk errors. Tried installing in other drives. Nothing worked. I've asked my friend to copy the discs(I couldn't copy the discs). I'll get from him today. Hope that works!