I had purchased LG Nexus 4 in 2014 for 24k Rupees.
Used this mobile for two and a half years. I had purchased this product for some obvious reasons that this series of nexus was associated with Google which means I would be getting latest version of android as soon as it is out and a brilliant software!
This phone worked all fine for the first year of my use but after a year many common hardware problems popped out! When I searched on net about these problems, I found out that these problems were very common amongst nexus 4 users like faulty microphone, heating issues, random reboot, etc.
Pros-
Good looks
Latest Software
Cons-
Bad hardware
Heating issues
Brittle body
Outdated as of 2016
If you are looking to buy a smartphone in 2016 please do not buy this phone as many other better phones are available in the market at very low prices.