In a generic synthesis approach, all three CsPbX3 (X=Cl, Br and I) perovskite nanocrystals having near unity quantum yields is reported. This has been achieved by injecting the desired amount of preformed alkylammonium halide salts which acted as a dual source providing halide ions and the capping agent to an equimolar amount of non‐halide Pb and Cs precursors in a reaction flask at an optimized reaction temperature. The composition sensitivity of Pb to Cs ratio, high temperature reaction, and injection of ammonium halide remained the key parameters for obtaining the high quantum yields. Details of the reaction process, use of different reagents and setting up the reaction parameters are reported. Three colors: A rational synthesis of CsPbX3 (X=Cl, Br, and I) nanocrystals gives all three perovskites with near unity photoluminescence quantum yield. Careful analysis of the reaction chemistry and the parameters allows a generic reaction to be developed.