Xiaomi Redmi Note 2
Three models of China's Xiaomi Mi phones are pictured during their launch in New Delhi July 15, 2014. China's Xiaomi said it intends to invest heavily in India as the budget smartphone maker launched on Tuesday its flagship Mi phone and other products in the world's third largest smartphone market, currently dominated by Samsung Electronics Co Ltd. REUTERS/Anindito MukherjeeREUTERS/Anindito Mukherjee

The much awaited Xiaomi's second generation Redmi Note specifications, price details have surfaced online, hinting that the feature-rich phablet's launch is just around the corner.

A Xiaomi community blog has leaked the alleged features of Redmi Note 2. It says that the upcoming phablet will keep the predecessor's screen size, but would come with some major upgrades in terms of internal hardware like 2.2GHz MediaTek Octa-core CPU, 3GB RAM, 20.7-megapixel camera on the rear-side and 8.0-megapixel camera, and a 3,500 mAh battery.

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The website also revealed that Xiaomi Redmi Note successor will come in four storage variants – 16GB, 32GB, 64GB and 128GB for ¥999 (around $163/€128/₹9,944 ), ¥1299 (around $211/€166/₹12,930) and ¥1499 (around $244/€192/₹14,920 ) respectively, but the price of 128GB model is yet to be ascertained.

Going by the leaked specifications, Redmi Note 2 boasts some incredible internal hardware and its price-tag looks too wishful for tech enthusiasts to believe, but Xiaomi has a track record of selling feature-rich devices at a dirt cheap prices, so if this report do turn to reality, then the company is sure to create another storm in the smartphone industry later this year.

Though the report has gone wild on the Internet, the company is yet to respond. Until Xiaomi comes out and clear the air over the rumours, this report will remain as pure speculations only.

Leaked Specifications of Xiaomi Redmi Note Successor:

Model Xiaomi Redmi Note successor (commercial name yet to be ascertain)
Display 5.5-inch screen
OS Android OS with MIUI
Processor MediaTek Octa-Core (2.2 GHz quad-core Cortex A-17 + 1.7GHz Cortex A7)
RAM 3GB
Storage capacity 16GB, 32GB, 64GB and 128GB
Camera Main: 20.7-megapixel camera

Front: 8.0-megapixel camera
Battery 3,500 mAh
Add-ons 4G-LTE, NFC, gesture control features, temperatures senors and more
Price (China) 16GB: ¥999 (around $163/€128/₹9,944 )32GB: ¥1299 (around $211/€166/₹ 12,930)64GB: ¥1499 (around $244/€192/₹14,920 )128GB: yet to be ascertained