Hello Vijesh
Yes, you can create the package if you plan to group all the objects into a package for transport purpose. Or for now you can click on "Local Object" to do all the development work. Once all the development is done, you create package using T.code SE80 and then using RSA1-> Transport Connection option to create the required transport.
FYI - For any of such questions, you can do quick search(on google or in SCN) to find answers, it will help you save time as well.
Hope this will help.
Thank you
Satish Waghmare