Hello Sandeep !

You may change the folder name in the following lines from the studio\classes\BxDolStudioTools.php:

$this->aInstallPermissions = array(

            'inc',

            'cache',

            'cache_public',

            'logs',

            'tmp',

            'storage',

            defined('BX_SYSTEM_FFMPEG') ? bx_ltrim_str(BX_SYSTEM_FFMPEG, BX_DIRECTORY_PATH_ROOT) : 'plugins/ffmpeg/ffmpeg.exe',

        );

Also correct this one in inc/params.inc.php:

define('BX_DIRECTORY_PATH_LOGS', BX_DIRECTORY_PATH_ROOT . 'logs/');

PS But for UNA better use the VPS or dedecicated hosting plans.