Bought this Sep 2013, reviewing after an year. Works well still. But sadly its outdated now. Every six months phones are getting outdated Lava Iris 505 is no exception. It is a good product 1 year back. Now look for something else with greater hardware specs.
I will be using it for some more time as it is serving the purpose. I was skeptical to choose the brand first. I feel my decision was right now. :)