The news comes from a Twitter user named Manish Khatri, who is a retailer (Mahesh Telecom) in Mumbai. Khatri writes, "Prebook #SAMSUNG #GALAXYS5 (Rs. 51500/-) by paying Rs. 1500/- , 15 percent cashback on citicard .emi 6/12/18 month (condition apply)."
The tweet clearly reveals that the Galaxy S5 might be available with attractive offers from the company such as 15 percent cash back scheme, with numerous EMI payment options. Notably, Khatri has since removed the tweet.
However, NDTV Gadgets has learnt from its sources that the price is still being considered by Samsung India and may change before the announcement on Thursday.
If Samsung does launch the Galaxy S5 at the said price, it would be contradicting earlier reports that emphasised that the 2014 flagship smartphone will be cheaper than the Galaxy S4 at launch.
(Also see: Samsung Galaxy S5 launch price roundup)
It's worth pointing out that the Galaxy S5 will be available in India starting 11 April 2014 - the same date as Samsung had announced as global availability (150 countries) at its Galaxy S5 unveiling at MWC 2014.
The biggest new features being touted on the Galaxy S5 by Samsung include a fingerprint scanner on the home button, a heart rate sensor placed near the 16-megapixel camera, and the IP67 certification that makes it dust and water-resistant. The smartphone also features a new design in terms of the back panel now being perforated, and available with four colours at launch, along with optional designer back panels.
For those unaware, the Samsung Galaxy S5 runs Android 4.4.2 KitKat out-of-the-box. It features a 5.1-inch Super AMOLED display with a 1080x1920 pixel full-HD resolution. It comes with 2GB of RAM and will be available in 16GB and 32GB inbuilt storage models, with microSD card expandability up to 64GB. The Galaxy S5 sports a 16-megapixel rear camera with HDR (for video as well), and a 2.1-megapixel front-facing camera.
Connectivity options include 4G LTE, Wi-Fi 802.11 a/b/g/n/ac with MIMO functionality, ANT+, Bluetooth 4.0, USB3.0, NFC, and Infrared remote functionality. It features a 2800mAh battery, rated to deliver 21 hours of talktime, and 390 hours of standby time.