Ending up all speculations, Mi4 has stepped into Indian market. Both Mi India and Flipkart page have confirmed the news. The mode of selling has been kept as similar as the flash sales we’ve seen before. In that flash sale, only one device (the 16 GB variant) per registered user will be sold in exchange of INR 19,999.
Registration for the first sale, which is scheduled to be on 10th February 2015, is open now. You can simply click in the link given below to register for the first sale.
You can read the full specification of the MI4 here