This is much better than what we heard earlier! Two of our reliable sources (both at different ends of the Lumia supply chain) confirm that Lumia 535 may be available in India as soon as by the end of November.
We had earlier heard about early December release timings and had promised to update with exact timings. So, now we have it from our sources that Lumia 535 may arrive in India sooner than expected, and, in fact retailers expect it to be in store by end of November.
Coming to pricing, we still expect it to be priced around INR 8899 (MRP will be higher, though).