Nexus 7 tablet demonstrated during a Google event n San Francisco 2013.
The new Nexus 7 tablet is demonstrated during a Google event at Dogpatch Studio in San Francisco, California, July 24, 2013.Reuters

A number of smartphones have been introduced in the market in November, with a few priced in the high-end section and the others in a budget range.

Some powerful low-cost smartphones have been introduced of late, with the devices being budget friendly but carrying a good range of specifications under the hood.

Following are the top five best budget smartphones worth buying.

Google Nexus 5

Google Nexus 5 is the successor of Nexus 4 and the most powerful device on the list. The gadget is also priced within the mid-range price tag of $349 (16GB). Following are the list of specifications of the device:

-4.96-inch display with 1920 x 1080 resolution
-2.3GHz Qualcomm quad-core Snapdragon 800 CPU
-2GB of RAM
-NFC, A-GPS, Bluetooth 4.0 LE, Wireless charging
-16GB and 32GB storage options
-8MP rear cam with OIS, 1.3MP front
-2300 mAh battery
-130g, 137.84 x 69.7 x 8.59mm
-Android 4.4 KitKat

Motorola Moto G

Moto G is one of the latest smartphones launched by Motorola, after the much popular Moto X. Moto G is powerful device, priced under $200. Following is what the buyer would get from this gadget:

-4.5-inch LCD display with 1280 x 720 resolution
-1.2GHz Qualcomm quad-core Snapdragon 400 CPU
-1GB of RAM
-8GB and 16GB storage options
-5MP rear cam, 1.3MP front cam
-2070 mAh battery
-143g weight, 129.9 x 65.9 x 11.6mm
-Removable colored backs
-Android 4.3 Jelly Bean

Sony Xperia L

Sony Xperia L is not the latest device in the market, however, it stays on the top five list for being a cheap yet worth-buying handset. Following are the specifications of this handset, priced around $270:

-128.7 x 65 x 9.7 mm
-137 grams
-4.3-inch FWVGA display
-1Ghz dual-core Qualcomm Snapdragon S4 processor
-Adreno 305 GPU
-8GB internal storage, expandable via microSD upto 32GB
-8MP rear camera with HDR mode for both pictures and video, 0.3MP front camera, autofocus, LED flash
-dedicated camera button
-Wi-Fi 802.11 a/b/g/n
-1,750 mAh battery
-Android 4.1 Jelly Bean

Huawei Ascend P1

Not as popular as Sony Samsung and Nokia but Huawei Ascend P1 has made a mark when it comes to being one of the low cost powerhouse for a customer. Following are the specifications of the smartphone priced under $300:

-127.4 x 64.8 x 7.7 mm
-110 grams
-4.3-inch Super AMOLED display (540 x 960 pixels, 256ppi)
-Dual-core 1.5 GHz Cortex-A9, PowerVR SGX540 GPU
-127.4 x 64.8 x 7.7 mm (5.02 x 2.55 x 0.30 in)
-4 GB internal storage (expandable via microSD)
-8 MP rear facing camera
-1.3 MP front facing camera
-Wi-Fi 802.11 b/g/n
-Non-removable Li-Ion 1,670 mAh battery
-Android 4.1

Samsung Galaxy S3 Mini

Priced around $230, the Samsung Galaxy S3 Mini is one of the handsets which even the budget customers still prefer to buy. Following are the specifications, according to Android Authority:

-121.6 x 63 x 9.9 mm
-111.5 grams
-A dual-core 1GHz processor
-an 800 x 400 Super AMOLED display
-VGA front cam, 5MP back cam
-HSPA bands 14.4/5.76 900/1900/2100
-EDGE/GPRS 850/900/1800/1900 bands
-Bluetooth 4.0, NFC
-8GB and 16GB onboard memory
-microSD expansion
-1500 mAh battery
-4.8 inches by 2.5 inches by 0.39-inch
-weighs 3.9 ounces
-runs Android 4.1 Jelly Bean out of the box