This is one of the best phone available in the market in this price range . I purchased this phone last month from mi India official website in 7000 INR. Phone specs are good like 2gb of ram , 1.2 ghz quad core processor, 8mp rear camera, 720p hd display, notification light and this phone is almost lag free . miui 7 works really good on this device after update.
But it has some minor bugs too. Overall in hand feel of this phone is very good. Speaker quality and call quality is excellent. Battery is also very good. It charge full in two and half hours and battery last for full working day. But cons of this phone is it has no back light for touch keys and still stuck on Android kitkat 4.4.