Update: Nokia Lumia 520 is now available in India for INR 10,500.When everyone was looking for an official release date of Nokia Lumia 620, at Mobile World Congress (MWC), Nokia launched two new Windows Phone 8 smartphones in the Lumia series – 720 and 520. Nokia Lumia 520 is the cheapest of them, yeah, cheaper than Lumia 620. So, now it is the cheapest Windows Phone 8 smartphone to hit the market. But what about Lumia 620? Well, Lumia 620 is still there and with more features than Lumia 520, that’s why Lumia 520 is cheaper.Nokia Lumia 520 is a stylish smartphone inheriting the look from its bigger brothers. Surprisingly, it looks much better than Lumia 620. The Lumia 520 features the same camera lens as on Lumia 920 for better picture quality and the super-sensitive touchscreen which makes using the phone possible while wearing gloves. It also has Nokia Music for free unlimited music online and offline and the popular HERE app suite including HERE maps, HERE drive and other utility apps. Lets have a look at the specifications of Nokia Lumia 520:It has many other features which are available on higher-end Lumias like Cinemagraph and SmartShot. Cinemagraph allows you to add motion/animation to the pictures and lets you share them on social networks. SmartShot is an exclusive Lumia app which captures multiple picture so that you can select the best one or combine all of them to create a lively effect. With Nokia Lumia 520, you also get 7GB of free cloud storage on Microsoft SkyDrive to store all your files online and access them anywhere. Check out the hands-on video after the break.Just like every other Nokia, Lumia 520 will also be available in various colour combinations like yellow, red, cyan, white and black. The release date of Nokia Lumia 520 has not been revealed by Nokia yet but it is expected to hit the shores next month in India after releasing in Hong Kong and then Europe first.†The estimated starting in UK is EUR 139 exclusive of all taxes (EUR 141.66 including taxes) so after including all the taxes the price of Lumia 520 in India will be around INR 11,000. This is really going to be a huge improvement over the price of Lumia 510 which is being sold for almost INR 10,000. The only issue with Nokia is their habit to delay the release of products be it India or any other country.Update : March 20, 2013Nokia Lumia 520 has been officialy released in India and is priced at INR 10,500 which is quite close to what we expected.