According to GsmArena.com, this phone will have a 3.2" capacitive display with a resolution of 320x480p. Besides, it will sport a 5mp autofocus camera and a VGA front-facing camera for 3g video calls, a nice job done by Micromax(if launched).
Talking about the looks and styling, from the front it looks as this phone has taken a crisp from HTC. There are no information provided about the processor and the ram. But I personally think (according to the rumours) that this phone will be available at a price range from Rs.7000 to Rs.9000. But, have to wait for the launch date.