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Last month, Microsoft unveiled it's first-ever non-Nokia branded handset Lumia 535. Now, the company is reportedly planning to release another budget smartphone rumoured to be a Lumia 435.

The yet-to-be-announced Lumia 435 variants -- RM-1070, RM-1071, RM-1034, RM-1068 and RM-1032 -- were spotted at the US government owned FCC (Federal Communications Commission) certifications site, hinting that the launch is just around the corner.

As per the leaked document (courtesy, Nokia Power User), the upcoming Microsoft budget phone will sport a 4.0-inch WVGA screen and house Qualcomm Snapdragon 200 series SoC (System on Chip) and a 5.0-megapixel camera on the rear-side.

As far as dimensions are concerned, Lumia 435 is 118.1 mm tall and 64.7 wide, which will comfortably fit in to a normal hand. Other key specifications such as RAM, inbuilt memory and battery capacity are yet to be ascertained.

Going by the leaked features, we believe Microsoft's upcoming Lumia 435 will most probably be released in emerging markets and is unlikely to set foot  in developed regions of North America and Europe.

[Also read: Windows 10 Release Date: Microsoft Sets Consumer Preview On Jan 21]

Leaked specifications of Microsoft Lumia 435:

Model Microsoft Lumia 435
Display 4.0-inch WVGA screen with 800x480p resolutionsPixel density: 230 plus ppi (pixels per inch)
OS Most likely to ship with Windows Phone 8.1 with Lumia Denim
Processor Qualcomm Snapdragon 200 series CPU
Camera Main: 5.0-megapixel camera
Variants RM-1070, RM-1071 and RM-1034 are Single-SIM model; RM-1068 & RM-1032 are dual-SIM models
Dimensions 118.1 x 64.7 mm
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