I have a demo Parallels 18 install here. It's on a base model 24" iMac. M1/8C/7GPU/8GB/256GB. Parallels is only using 4 cores and 3GB RAM. I installed Revit (runs, but a bit slow for large structures) ...
The latest iteration of the Parallels Desktop application, Parallels Desktop 18, has a massive change log that includes better support for Apple Silicon and Windows 11. That better support also ...