Hello @Mayur44
As an established superhost in India with four listings in the location you are asking about I'm sure you're more familiar with STR regulations than we are as an international community of hosts.
check with your local government or whoever looks after STR regulations in your area . Regulations should be on their website .
You would need to check what happens if you set up a short term let without an appropriate licence if there are restrictions in your area .
In the UK and other countries you could face criminal action and heavy fines