Hi,
In Virtual Box I've installed Fedora 17 and setup LAMP development environment. I've set the static ip to access the localhost and the applicaions/projects. Now I would like to configure it as to access them using the static IP from the host machine (Windows 7 OS). How can I do this? Please elaborate.

Thanks in advance.

Did you configure your VirtualBox network interface to use a NAT address, or a bridged address?

Like Rubberman aluded to, if the networking is set to NAT, then you can port forward a specific port (i.e. tcp/80 tcp/443) from the host machine IP into the virtual machines private IP. That is done right in the Virtual machine's networking section.