The subsequent establishment towards 5G technol- ogy has hastened the development of the diverse set of V2X communication possibilities. The Internet of Vehicles (IoV) uses core 5G network infrastructure to allow vehicles to communicate to other entities on the road very efficiently. As a result, V2X will inevitably require 5G. In our proposed work, the design and development of various core network configurations with Standalone – (5G Core) / (4G Core) and Non-Standalone – (4G and 5G core) architectures combined with realistic traffic conditions in dense urban settings are formulated. The design of channel path loss, fading and shadowing models is also fused in our deployment scenario to make the scenarios truly adaptive in the urban environment. The performance analysis such as throughput, latency and jitter are evaluated for various V2V applications in different design scenario setups.