Update:

Seems that Nokia is going for kill here and has decided to price Lumia 520 as low as Rs 10500. This is pretty much below normally expected price of around 11499 to 11999 INR for the device. Lumia 720 price has not been revealed yet.

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Nokia India has finally announced Lumia 720 and 520 today in a launch event. According to the presentation Lumia 520 is expected to be in stores by early April while Lumia 720 will come to stores somewhere around Mid April. Lumia 720 and 520 will be available in yellow, red, cyan, white and black with changeable shells. There will be exchangeable shells enabling wireless charging for Lumia 720.

Lumia 520 is awesome budget minded smartphone with great design, dual-core processor and high-end Super Sensitive touch screen. Lumia 720 is like a mid-range Lumia Flagship with  largest F/1.9 aperture camera for great low-light imaging, best unibody design amongst all Lumias, Wireless charging, Super Sensitive touch screen, HAAC microphones.

Read more about Lumia 720 and Lumia 520 here.

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