This phone is nothing but redmi note 4Gs upgraded version but this time its cheaper and this one is value for money too because at this price range you are getting up Snapdragon 410 with 16GB ROM and 2 GB RAM with HD display and 5.5 inch screen and its running on the latest MIUI 7 LOL at this price range its a pretty much value for money phone and it would last for at least 2 or 2 and half years if you carefully handle it but in India its not that much awaited because Mi was supposed to launch the Redmi Note 2 but they didnt that is the only reason this phone is not selling too much, but Its a really good phone for sure! If your budget is around 8-9 K you can go for it! & its battery is also of good capacity & its a Make In India product!
So, I would say, go for it!