The much-awaited Micromax A116 Canvas HD handset - which was officially launched by Micromax two weeks back - will hit the markets in India on Valentine's Day, February 14.

Despite the fact that Micromax refrained from divulging the cost of the handset at the time of its launch, it is being widely speculated by tech experts that the handset will probably be priced at around Rs 15,000.

The forthcoming A116 Canvas HD handset from Micromax - one of the foremost tech companies based in India - will have a phabletique body; a 5-inch IPS LCD display with a resolution of 1280 x 720 pixels' and a powerful 1.2GHz quad core MediaTek MT6589 processor.

Some of the other attractive features of the Micromax A116 Canvas HD, which apparently is the best handset at the mentioned budget-friendly Rs 15000-Rs 20000 price range, include a dedicated PowerVR Series5XT GPU; 1GB RAM; and 4GB built-in storage that can be expanded to up to 32GB with a microSD card.

The A116 Canvas HD will have be a dual-SIM handset, featuring an 8-megapixel rear camera with flash; VGA front camera; Bluetooth v3.0; Wi-Fi; GPS and 3G. Based on the Android OS version 4.1 `Jelly Bean,' the handset runs on a 2,100mAh battery.

Over and above the extremely impressive specs list, the Micromax A116 Canvas HD will also have some pre-loaded applications, including M! Store, M! Buddy, M! SMS, M! Zone and Hook Up.