Despite the advanced processing advantages for low cost, flexible and highly efficient solar cells, the technology is still facing the challenges with regard to the stability of materials in terms of moisture, thermal, light and oxygen atmosphere. The recent discovery of lead halide perovskite has increased a surge of interest in the field of photovoltaics. The chapter highlights some ways that can improve the stability and reducing the toxicity without compromising the efficiency of perovskite. Most of the part includes the review on the actual knowledge and cutting edge research results of high efficiency perovskites. It further describes the materials (Oxides and hybrid halides) that can be used for real time solar cell applications.