How I got this problem,
When I changed from Eclipse Juno to Luna, and checkout my maven projects from SVN repo, I got the same issues while building the applications.
What I tried? I tried clean Local repository and then updating all the versions again using -U option. But my problem continued.
Then I went to Window --> Preferences -> Maven --> User Settings --> and clicked on Reindex button under Local Repository and wait for the reindex to happen.
That's all, the issue is resolved.