Hi Ameya,
nothing against that configuration based approach, but the question in this case will be where to place these configs.
As pointed out above I prefer placing them in dedicated custom subdirectories under instances/default/config, as they will be backed up automatically every time the IS finishes its startup sequence successfully (see line “Config file directory saved” in the logs for reference).
Remember to specify all pathes as relative pathes to instances/default as a base dir and use the unix-like path separator /.
This will also work on Windows (java handles this internally).
Regards,
Holger