The Iris 470 supports dual SIM (WCDMA+GSM) with dual standby functionality and has 4GB of internal storage, which is further expandable with up to 32GB of microSD card. The handset houses a 5-megapixel auto focus rear shooter with LED flash and also boasts a VGA front camera for video chatting.
The Lava Iris 470 is backed by a 1650 mAh Li-Ion battery, that is rated for up to 17 hrs (2G) / 10 hrs (3G) talk-time. Connectivity options include FM radio, Wi-Fi 802.11b/g/n, Bluetooth, micro-USB v2.0, mobile hotspot, google maps and 3.5mm audio jack. It measures 66x134x10.45 mm with 147 gms weight.
Comparing to hardware and prices, Lava Iris 470 is a good smartphone, and it is recommended product from my side.