If you have been planning to buy a budget or mid-range smartphone from Xiaomi, then here is good news. The company has announced price cuts for as many as six of its latest smartphones.

The price cut comes just on the day its arch-rival Realme announced its all-new Realme 5 series. The company has launched Realme 5 and Realme 5 Pro smartphones under the series. While Realme 5 is priced at Rs 9,999, Realme 5 Pro sports a starting price tag of Rs 13,999. Both the phones boast of quad-camera set-up.

List of Xiaomi phones that have become cheaper:

Xiaomi Redmi Note 7 Pro (6GB+64GB): Old price -- Rs 15,999; new price is Rs 14,999 after Rs 1,000 price cut: Xiaomi Redmi Note 7 Pro smartphone comes with a 6.3-inch full HD+ display with 1080x1920 pixel resolution. USP of the device is its 48-megapixel primary camera with Sony IMX 586 sensor. It comes powered by Qualcomm Snapdragon 675 processor.

Xiaomi Redmi Note 7S (4GB+64GB): Old price -- Rs 12,999; new price is Rs 11,999 after Rs 1,000 price cut: The smartphone offers a 6.3-inch full HD+ display coated with Corning Gorilla Glass 5 on top. Redmi Note 7S boasts of dual-lens rear camera comprising of 48MP and 5MP sensors.

Xiaomi Redmi Note 7S (3GB+32GB): Old price -- Rs 10,999; new price is Rs 9,999 after Rs 1,000 price cut. Xiaomi Redmi Note 7S is powered by Qualcomm Snapdragon 660 processor and runs MIUI based on Android Pie. The smartphone offers a 13MP camera at the front for selfies. It houses a 4000mAh battery.

Xiaomi Redmi Y3 (3GB+32GB): Old price -- Rs 9,999; new price is Rs 8,999 after Rs 1,000 price cut. Xiaomi Redmi Y3 smartphone is powered by Qualcomm Snapdragon 632 octa-core chipset. Its key feature includes the 32MP selfie camera having 80-degree field of view and full HD selfie video recording support. It offers a 6.26-inch HD+ IPS LCD display.

Xiaomi Redmi 7 (2GB+32GB): Old price -- Rs 7,999; new price is Rs 7,499 after Rs 500 price cut. The handset runs on MIUI 10 and comes equipped with Qualcomm Snapdragon 632 octa-core processor. Xiaomi Redmi 7 is a dual-SIM phone and offers dual 4G standby.

Xiaomi Redmi 7 (3GB+32GB): Old price -- Rs 8,999; new price is Rs 8,499 after Rs 500 price cut. Backed by 4000mAh battery, theRedmi 7 comes with a 6.26-inch screen with 19:9 aspect ratio. The smartphone offers a 12MP+2MP dual camera setup at the back. There is an 8MP camera at the front.

If you have been planning to buy a budget or mid-range smartphone from Xiaomi, then here is good news. The company has announced price cuts for as many as six of its latest smartphones.

The price cut comes just on the day its arch-rival Realme announced its all-new Realme 5 series. The company has launched Realme 5 and Realme 5 Pro smartphones under the series. While Realme 5 is priced at Rs 9,999, Realme 5 Pro sports a starting price tag of Rs 13,999. Both the phones boast of quad-camera set-up.

List of Xiaomi phones that have become cheaper:

Xiaomi Redmi Note 7 Pro (6GB+64GB): Old price -- Rs 15,999; new price is Rs 14,999 after Rs 1,000 price cut: Xiaomi Redmi Note 7 Pro smartphone comes with a 6.3-inch full HD+ display with 1080x1920 pixel resolution. USP of the device is its 48-megapixel primary camera with Sony IMX 586 sensor. It comes powered by Qualcomm Snapdragon 675 processor.

Xiaomi Redmi Note 7S (4GB+64GB): Old price -- Rs 12,999; new price is Rs 11,999 after Rs 1,000 price cut: The smartphone offers a 6.3-inch full HD+ display coated with Corning Gorilla Glass 5 on top. Redmi Note 7S boasts of dual-lens rear camera comprising of 48MP and 5MP sensors.

Xiaomi Redmi Note 7S (3GB+32GB): Old price -- Rs 10,999; new price is Rs 9,999 after Rs 1,000 price cut. Xiaomi Redmi Note 7S is powered by Qualcomm Snapdragon 660 processor and runs MIUI based on Android Pie. The smartphone offers a 13MP camera at the front for selfies. It houses a 4000mAh battery.

Xiaomi Redmi Y3 (3GB+32GB): Old price -- Rs 9,999; new price is Rs 8,999 after Rs 1,000 price cut. Xiaomi Redmi Y3 smartphone is powered by Qualcomm Snapdragon 632 octa-core chipset. Its key feature includes the 32MP selfie camera having 80-degree field of view and full HD selfie video recording support. It offers a 6.26-inch HD+ IPS LCD display.

Xiaomi Redmi 7 (2GB+32GB): Old price -- Rs 7,999; new price is Rs 7,499 after Rs 500 price cut. The handset runs on MIUI 10 and comes equipped with Qualcomm Snapdragon 632 octa-core processor. Xiaomi Redmi 7 is a dual-SIM phone and offers dual 4G standby.

Xiaomi Redmi 7 (3GB+32GB): Old price -- Rs 8,999; new price is Rs 8,499 after Rs 500 price cut. Backed by 4000mAh battery, theRedmi 7 comes with a 6.26-inch screen with 19:9 aspect ratio. The smartphone offers a 12MP+2MP dual camera setup at the back. There is an 8MP camera at the front.