Breaking: Xiaomi Redmi Note releases November 24th in India

Xiaomi's phones have turned out to be tough ducks to chase with their extremely competitive pricing, and consequently high demands. After both, the Xiaomi Mi 3 and the Redmi 1S had successful stints at the office, the Chinese OEM is all set to rock the phablet market with its first phablet -- the Redmi Note!

Xiaomi India's (aka 'Mi India') assistant product operations manager and erstwhile MIUI India founder Rohit Ghalsasi broke the news a few moments earlier on social media. Xiaomi had announced a 9,999 INR pricing (US$160) for the Redmi Note back when they first forayed into the Indian market. However, it is likely that the device be priced lower than that; Xiaomi have done the same with their other devices as well. After announcing the Mi 3 and the Redmi 1S for 14,999 INR and 7,999 INR respectively, Xiaomi cut prices by 1,000 INR respectively at launch.

The Redmi Note is expected to be a sellout like its siblings. There's no word on the procedure on how buyers can purchase the Redmi Note, but we believe it is safe to assume that hopefuls will be required to register beforehand to be able to purchase the device on sale days.

Alcatel recently launched what we see as a Xiaomi Redmi Note competitor. With the budget market heating up each day, it will be interesting to see how the market reacts to the Redmi Note. The OnePlus One is expected to make an entry anytime soon, so Indian buyers are sure to be spoilt for choices like never before.