Android Studio - location for SDK and Project Files in SSD
I needed following settings on my mac -


The Users folder, which usually contains documents, videos, audios, etc are not to be stored on SSD but on HDD.
The Android folder, which contains the Android SDK and Android Projects, to be contained on SSD since it will improve Android studio performance.


Since I was not able to do it by just changing the permissions on my mac, here's what I did -


Create a new APFS Volume on SSD from Disk Utility.
Move the Android Folder on the new APFS Volume.


Above fit perfectly to my needs and does not require any further change, so I am marking this as my answer.