I bought this phone soon after its launch for around 14k. During that time these xiaomi phones were not that much famous, so samsung was the only budget phone, bought this thought it will be good, but there were many cons more than pros.
Pros : -
-> Good slim and sleek design.
-> Stylish look and especially the gold color phone.
-> Camera is good.
Cons : -
-> Hangs a lot.
-> Cannot install much apps, even with lesser apps and no songs in it, free memory it is slow.
-> Too slow to operate, anyone will get frustrated easily.
-> Loudspeaker is equal to no speaker, very low sound in this phone.
-> Operating apps like snapchat, instagram and facebook is very tough as it loads slow even with high speed internet/wifi.
-> Touch sensitivity is bad.
It has many problems, the ram they mentioned here doesnt have any effect on the phone.
I would prefer you not to go for this one, maybe 2016 edition of this phone is good.