A new protocol for the synthesis of a highly stable (over 2 months under ambient conditions) solution-processed core-shell type structure of mixed methylammonium-octylammonium lead bromide perovskite nanoparticles (5-12 nm), having spherical shape, color tunability in the blue to green spectral region (438-521 nm) and a high photoluminescence quantum yield (PLQY) of up to 92% is described. The color tunability, high PLQY and stability are due to the quantum confinement imparted by the crystal engineering associated with core-shell nanoparticle formation during growth.