This phone is expected to be launched in India in July-2015 in the price range of around INR 10000/-.
My friends, it would be a steal in this price range. It’s a full HD 5.5" display phone with 64-bit Octacore M-Tek processor and 2GB RAM! It will beat Asus zenfone 2(INR 15000/=) in the price range, and Mi 4i also. Mi 4i does not support Ext SD card unlike this phone. Mi 4i also has higher SAR values.
Latest Lenovo phone in India is A7000, which is not full HD, and was criticized for its poor camera quality. Asus zenfione 2 does not support OTG, A7000 support, so we can expect K3 Note to support OTG. So let’s hope that this phone will give us best of both, Asus and Xiaomi! Then its next rival could be ONLY Huawei(say, Ascend Mate 7) .but Huawei may be costly .This K3 Note is superior to Huawei Honor 4X!