Make sure to remove your Mac from iCloud before doing this and turn of FIND MY for the Mac.
1. Turn off your mac and Boot to recovery
2. Launch Terminal
3. Run terminal command : resetpassword
4. Click on the Reset Password window , then choose Recovery Assistant in the menu bar then select Erase Mac.
5. Click Erase Mac in the window that opens, then click Erase Mac again to confirm. When done, your Mac restarts automatically.
6. If you are on 11.0.1 it will automatically reboot after the erase is complete. After the reboot select wifi appears, and will prompt you for activation. When activation completes, you need to choose the option of [Exit to Recovery Utilities] which brings us back to the main recovery screen.
7. If the activation fails, make sure you are connected to the internet via your Wifi icon on the right top corner.
8. Once activation is completed. You will see the normal restore options. Choose reinstall macOS Big Sur.
****** If it still doesn’t work repeat the above steps and after step 7 , go to Disk utility and remove the partitions by deleting the partitions (do this by pressing the '-'-icon above ) till your left with apple ssd. Then create a partition and name it “Macintosh HD” . If you desire you can create another partition called “Macintosh HD - Data”. Then exit disk utility and reinstall Mac OS on Macintosh HD*****
I was in a huge stress because of this but finally all of these steps worked for me .