Hi Amitava,
Currently few VM sizes are unavailable as there is currently high demand for VMs in certain regions.
Here is a recent similar issue reported by other customer and as suggested requesting you to try to deploy in other region and check.
What is Microsoft doing to avoid capacity issues in the future? Ensuring capacity for our customers is a top priority for Microsoft and we are working around the clock to deliver on this. The increasing demand for Azure services is evidence of the popularity of Azure, and emphasizes the need to scale up our infrastructure even more rapidly. With that in mind, we are expediting expansion and are improving our resource deployment process to respond to this strong customer demand. We have identified several improvements on how we load-balance under a high resource usage situation, and how to trigger the timely deployment of needed resources. Furthermore, we are increasing our capacity significantly – and will continue to plan for strong customer demand across all of our regions. This September 2021 blog post covers improvements towards delivering a resilient cloud supply chain.
Hope that helps. Please "Accept as Answer" and Upvote if any of the above helped to help others in the community looking for remediation for similar issues.
Thanks
Deepanshu