Nexus 4 fans, if you're looking to snap up one of the most-popular Android smartphones, the Nexus 4, in India then we have some good news as the smartphone may soon arrive in the country sporting a price tag of Rs 24,000.

Google Nexus 4, made in collaboration with LG, was released in Nov. 2012 and the handset still remains one of the most-wanted Android smartphones around. The Nexus 4 has been surrounded with supply issues ever since its launch; however, now it seems that demand has subsided a bit and the company is back on track as the handset is available on Google Play Stores in various markets.

Google is yet to officially launch the Nexus 4 in India but rumors suggest that the handset will be priced at Rs. 24,000 (approximately $447) and will launch by the end of May 2013.  

Speculations suggest that the 16GB of Nexus 4 will arrive on shelves with the aforementioned price tag and the 8GB may also arrive but at a lower price.

If rumors are to be believed, then the Nexus 4 will be over-priced in India when compared to the U.S. and other regions. The reason for the higher price in India is due to no subsidy from Google for India sales. If the price of Nexus 4 is priced similar to the U.S. then demand for other LG devices such as Optimus G, Optimus 7 II and more may get affected.

The Nexus 4 is packed with high-end hardware specifications and features. The Nexus 4 sports a 4.7-inch WXGA IPS display covered in Gorilla Glass 2. Under the hood, it packs in a 1.5GHz Qualcomm Snapdragon S4 Pro processor with 2GB of RAM, 8GB/16GB of internal storage, an 8-megapixel rear-facing camera, a 1.3-megapixel front-facing shooter and it runs on the latest Android 4.2 Jelly Bean.

Many more Android handsets have launched in India after the release of Nexus 4 and the price of the handset may disappoint many potential buyers. If you were to buy a new handset soon, do you think that the Nexus 4 is worth the buy in India?