Hello @neha.jlly!
Firstly I want to mention that I’ve definitely been in the same boat using an Intel MBP on Monterey! Like you, NoxPlayer was solid for me too, but I eventually switched to LDPlayer via Parallels—a bit of a hack, but surprisingly smooth for gaming.
It’s not a native solution, I know, but it felt less laggy than Android x86 in a VM. Might be worth a shot if you’re open to using a VM like Parallels instead of VirtualBox.
Hope this alternative idea helps you find a better setup! Good luck!