First of all I am also using this smartphone since two months and even today I am well satisfied from this handset.
It has two variants
1-16gb and 2gb ram= 9, 999rs
2-32gb and 3gb ram= 11, 999rs
Both price segments are masterstroke by the company because in this price segment only one or two smatphone lies in the competator list only ie why xiaomi choose price tag and handset in indian market. Camera is very decent it is 16 megapixel guys and front facing 5 megapixel. Both the variant are very nice