As per the GeekBench listing, the Xiaomi Mi 4i is a Android 5.0.2 Lollipop based smartphone.

It is powered by a 64-bit octa-core Snapdragon 615 processor clocked at 1.65GHz.

Also not much is known about the pricing and availability date as the launch is a world premier event.

Xiaomi Mi 4i With Octa-Core SoC to be launched at ‘Global Mi Phone Premier’ in India on April 23 Event

Update:Xiaomi Mi 4i launched at Global Mi Phone Premiere in India at Rs 12,999

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source: www.techworm.net