The budget Windows Phone 8 offering Lumia 620 will be available in India from February but the price and exact date aren't available just yet.
The Lumia 920 isn't exactly on the cheap side - you could get a Galaxy S III for less and a Galaxy Note II for about the same. The Lumia flagman is, however, cheaper than a brand new iPhone 5.
HTC's Windows Phone 8X and 8S, which are the other available WP8 smartphones in India are also priced lower, but that's to be expected given their more modest specs sheets.
To refresh your memory the Lumia 920 has a 4.5" ClearBlack IPS display on tap with the PureMotion HD+ technology, which ensures higher framerates for lower motion blur. There's an 8.7 MP snapper on the back with PureView technology for enhanced low-light performance and Carl Zeiss optics. The device is powered by a dual-core Snapdragon S4 with two 1.5 GHz Krait cores.
The Lumia 820 uses a lower-grade dual-core Krait chip, 8 MP camera with 1080p video recording and a 4.3" ClearBlack AMOLED display of WVGA (480 x 800) resolution.
Finally the Lumia 620 has a 3.8" WVGA screen (again ClearBlack technology), 5 MP camera and a dual-core 1 GHz Krait processor.
All three smartphones are running on the Windows Phone 8 platform.
Thanks, Aswin Bhojarajan for sending this in!
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