The demand for lithium-ion batteries (LIBs) has skyrocketed due to the fast-growing global electric vehicle (EV) market. The Ni-rich cathode materials are considered the most relevant next-generation positive-electrode materials for LIBs as they offer low cost and high energy density materials. However, by increasing Ni content in the cathode materials, the materials suffer from poor cycle ability, rate capability and thermal stability. Therefore, this review article focuses on recent advances in the controlled synthesis of lithium nickel manganese cobalt oxide (NMC). This work highlights the advantages and challenges associated with each synthesis method that has been used to produce Ni-rich materials. The crystallography and morphology obtained are discussed, as the performance of LIBs is highly dependent on these properties. To address the drawbacks of Ni-rich cathode materials, certain modifications such as ion doping, and surface coating have been pursued. The correlation between the synthesized and modified NMC materials with their electrochemical performances is summarized. Several gaps, challenges and guidelines are elucidated here in order to provide insights for facilitating research in high-performance cathode for lithium-ion batteries. Factors that govern the formation of nickel-rich layered cathode such as pH, reaction and calcination temperatures have been outlined and discussed.