@KiranKolli Thanks for asking question! It depends on the scenario. In general, unless you have specific reasons for having more than one (above site limits, content that is not supposed to be ranked against each other since it has nothing to do with the other, etc.), one is recommended.
You should think about your users (who are your users, what they need to look for, what they need access to, if they have content in common to look for...etc.) Answering your personas' scenarios would usually give you the answer of where your data must live.
Hope this helps.