you can reference the geometry within a DWG file and do stuff with it in GH but it sounds like you want to take an existing drawing, modify part of it and have the rest of it adjust accordingly. This is possible but not practical as Wim says.
Can you please let me know if its possible to adjust a .dwg drawing in Rhino in a parametric way?
For example, adjust width length of walls or height of an elevation etc.
Yes, but usually you should embed that logic in the beginning (like Revit does for architecture elements), and at that point you might as well just do it in Rhino + Gh (or Revit) completely and only export to CAD when finished.
Use combinations of scaling, moving, etc. to adjust accordingly. Depends on the specifics of the conditions. What happens when you adjust the width and length? Do internal rooms stay the same size? Are some rooms favored over others? Are there limits? Do doors move? Do windows move? There are many questions you need to ask yourself in this problem (much of which are asked in BIM, I’d suggest looking at how something like Revit deals with resizing of rooms and then start embedding that logic into your system)
However, as I said earlier, it makes more sense to define the floor plan as a parametric system rather that try to adjust a static floor plan parametrically.