The company called Ringing bells have come up with the phone named freedo251. As far as am concerned this would be one of the well thought frauds/scams of indian history.
The domain freedom251.com is booked only few days back on 10th of feb 2016.The company itself is not more than a year old doesnt have any experience in manufacturing of mobile phones and does not even answered how it will give the phone at such a low price.
The sample phone which they have given to some companies is of a company called adcom which is Chinese manufacturer of mobile phones.
No clear timeline and no visibility of the product its not a good decision to buy this phone for now.