New leaks from @upleaks suggest that the Xiaomi Redmi successor will be Redmi Note 2.

It will run on 2GB RAM and have a 8GB internal memory.

It is not known whether itbe without external memory slot as per Xiaomi policy.

Leaked Xiaomi Redmi 2 successor specifications suggest 5.5-inch 1080p display and 2GB RAM smartphone

It will run on Android 5.0 Lollipop based on Xiaomis home grown MIUI 6 software.

Leaked Xiaomi Redmi 2 successor specifications suggest  5.5-inch 1080p display and 2GB RAM smartphone

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source: www.techworm.net