Hello @Sai Praneeth Eranti,
I am here to assist you.You can enable Performance Plus for a managed disk at the time of its creation. Please note the following limitations:
It can only be enabled on Standard HDD, Standard SSD, and Premium SSD managed disks that are 513 GiB or larger.
It must be enabled during disk creation.
It cannot be enabled on disks created as part of virtual machine creation.
It is not supported for disks recovered using Azure Site Recovery.
Workaround: If you need to enable Performance Plus on an existing disk, you can create a snapshot of the disk and then create a new disk from that snapshot, enabling Performance Plus during the process.
Please refer this link- https://learn.microsoft.com/en-us/azure/virtual-machines/disks-enable-performance?tabs=portal
If you have any further queries, do let us know.