Option 2 states that the Pallavas are associated with Vatapi. Going through each option, we can understand the correct match for each pair.

Option 1 states that the Hoysalas are associated with Dwarasamudra. This is correct, as Dwarasamudra was the capital of the Hoysala dynasty, located in present-day Karnataka, India.

Option 3 states that the Pandyas are associated with Madurai. This is also correct, as Madurai was the capital of the Pandya dynasty, located in present-day Tamil Nadu, India.

Option 4 states that the Yadavas are associated with Devagiri. This is accurate, as Devagiri, also known as Daulatabad, was the capital of the Yadava dynasty, located in present-day Maharashtra, India.

Therefore, the incorrect match is stated in Option 2. The Pallavas were not associated with Vatapi. The Pallava dynasty was primarily based in Kanchipuram, Tamil Nadu, India. Vatapi, also known as Badami, was the capital of the Chalukya dynasty, not the Pallavas.

Alert - Correct answer should be: Pallavas : Kanchipuram