Xiaomi to launch its Mi 5 phone in India on Thursday

Chinese smartphone maker Xiaomi is set to launch its latest flagship Mi 5 phone in India on March 31, 2016.

Earlier this month, the Chinese company at the Redmi Note 3 India launch had announced Xiaomi Mi 5 smartphone launch in India within a month.

The device which will be Xiaomi's milestone launch in India, comes nearly a year after its last flagship Mi 4.

According to sources, the price of the phone could be below Rs. 27,000. The phone was recently launched in China and saw over 18 million registrations in the first go.

Among a few features, the Mi 5 offers a 32GB, 1.8GHz Snapdragon 820 chipset with 3GB of RAM, while the 64GB variant features a 2.15GHz Snapdragon 820 chipset paired with 3GB of RAM.

While the 128GB variant also features a 2.15GHz Snapdragon 820 chipset, it is paired with 4GB of RAM.

All Mi five variants in China feature a 5.15-inch 1080p display, 16-megapixel rear camera with 4K video recording capabilities and a 4-megapixel selfie camera.