From the best of my knowledge and understanding, most of the companies similar to which you are talking about are mostly giving either remote work or are located at Bangalore/Gurgaon/Hyderabad like cities.
I don't know your current salary and notice period, but you can probably resign on the basis of this and keep looking for better opportunities.
Because from what I have been hearing, the package you are mentioning are not being offered this year at least.
While I am not stopping you to aim for or try for the package you are mentioning, I want you to think that you shouldn't miss out on the current opportunity just because you keep aiming for higher and no company offers it as most of the companies are not giving that much great package this year.
I suggest you to think like let's say there are 10 steps where you want to reach.
Currently you are at step 3, the offer you have is at step 4, the offer you are aiming for is at step 5 or 6.
So while it might not be possible to directly reach step 5 or 6 from step 3, moving to step 4 will certainly get you closer to step 5 or 6 than remaining on step 3 trying to figure out how to directly reach step 5 or 6.
Wishing you the very best!