Hi, Anusha,
Can you explain more what exactly you need?
Isn't this requirement covered with XhtmlString property?
BR,
Marija
A solution is to use a block as a property, see http://world.episerver.com/documentation/Items/Developers-Guide/Episerver-CMS/9/Content/Properties/using-a-block-as-a-property/
I want to have a property type which can allow image and/or text