Suggest cheapest quad core between Spice Coolpad 2 Mi-496, lava iris 458Q?

Two phone introduced by the native makers in the smartphone industry by lava and spice which are equipped with almost all the latest trending specifications i want to know that among all the cheapest i shortlisted only two so which one will be better spice coolpad mi-496 or lava iris 458Q.

If you are looking for a cheapest then Lava iris 458Q is cheapest as it is available at Rs 7,999 on the other side spice coolpad 2 mi-496 is available at a price of Rs 9,499. But few money more will give you 1GB of RAM which is nice and true value for your money.