Two dimensional (2D) metallic trihalides have drawn attention over the years due to their in-
trinsic ferromagnetism and associated large anisotropy at nanoscale. The interaction involved in
these layered structure are of van der Waals (vdW) types which are important for exfoliation to
different thin samples. This enables one to compare the journey of physical properties from bulk
structures to monolayer counterpart. In this topical review, the modulation of electronic, magnetic
and optical properties by strain engineering, alloying, doping, defect engineering etc. have been
discussed extensively. The results obtained by first principle density functional theory (DFT) cal-
culations are verified by recent experimental observations. The relevant experimental synthesis of
different morphological metallic trihalides are highlighted. The feasibility of such routes may indi-
cate other possible heterostructures. Apart from spintronics based applications, metallic trihalides
are potential candidates in sensing and data storage. Moreover, high thermoelectric figure of merit
of chromium trihalides at higher temperatures leads to the possibility of multi-purpose applications.
We hope this review will give important directions to further research in metallic trihalide systems
having tunable band gap with reduced dimensionalities.