Hi @Madhan_cog1 ,
this is a not supported configuration of SAS Platform, therefore you can try in a POC environment but you cannot expect any support on it, therefore surely not for any Production-related environment, including Development.
Technically it can be possible, as long as it is Linux/UNIX, never in a Windows environment (Windows registry). But, as said, you would be on your own.
Beware that sharing file system with more than one environment it will just degrade performance, create a bunch of unnecessary dependencies for maintenance, fail-over and high availability.
Long story short: my advise, just discard this option business-wise. If you want and can invest on it on your own time and resources, I admire that, then give it a go, as we are nothing without a healthy curiosity and "The Power to Know".
Best regards,
Juan