Sharath,
Not sure of your pumping drive or piping configuration, IF this is a self priming application, then read on. You state pump is submerged 5 meters under the water? What is design point, pressure/flow rates, pump manufacturer, model number etc
You do not address the fact that the suction lift for the pumps is not possible? 15 to 17 meters is 49 feet, ALL CENTRIFUGAL PUMPS follow the same laws of physics, the maximum amount of suction lift at sea level is 10.33 meters at sea level, unless other means have been provided to address the high suction lift.
This video talks of vortexing in suction pipe, this too is a real world problem, no matter how far submerged the suction pipe
https://www.youtube.com/watch?v=ltWFzjRNBaE
Is the suction line or discharge line air bound? Anywhere there is an upside "U" creates a potential air bubble, centrifugal pumps do not pump/move air, during commissioning if not all the air was removed from piping this too could create issues. Basically the highest point in the discharge piping system needs an air release valve
IF there is vortexing, I would assume the pressure/flow would oscillate with the noise you are hearing? Can you post a video of what you are seeing/hearing?
Dave