Hello @prynka.hans! 
Great question about emulators on your new M1 Mac! It’s definitely a hot topic as Apple Silicon becomes more common.
If you’re trying to emulate Android on an M1 Mac, it’s a bit tricky but doable. Here are some options:
Android Studio Emulator: The official emulator works with ARM-based system images, and the M1’s architecture makes it run pretty well. While not the fastest option, it’s great for app testing and development.
BlueStacks: A popular choice for Android gaming, BlueStacks is now M1-compatible, but performance can be a mixed bag.
PlayCover: This isn’t a traditional emulator but lets you run iOS apps on an M1 Mac. It’s a bit of a workaround but can be effective if the app you need is available for iOS.
Based on my experience, I’ve personally had good results using Android Studio’s emulator for app development. To speed up testing on different Android versions, I rely on LambdaTest—it allows me to test across various devices and OS versions without needing to manually emulate each one.
Hope this gives you a good starting point for Android emulation! All the best! 