Xperia Neo V sports a 3.7-inch LED-backlit LCD capacitive Reality Display with Sony Mobile BRAVIA engine, 5 megapixel camera with 16x digital zoom, HD video recording in 720p, front facing camera for video chat, 320 MB storage, 512 MB RAM, and up to 32GB microSD card slot for memory expansion.

Connectivity options of Xperia neo V include 3G HSDPA, Wi-Fi 802.11 b/g/n, Bluetooth, DLNA, HDMI, Wi-Fi hotspot, GPS with A-GPS and more. This handset is powered by 1500 mAh battery that provides up to 7 hours of talk-time or up to 400 hours of stand by time.

Sony Ericsson Xperia Neo V is the is one of the first smartphone to launch with Google Talk with Video Chat, 3D sweep panorama and enhanced Facebook inside Xperia functionality.

Sony Ericsson Xperia Neo V Features and Specs: 
Network: 3G HSDPA 7.2 Mbps , HSUPA 5.76 Mbps
Dimensions: 116 x 57 x 13 mm
Operating System: Android v2.3.4
Processor: 1GHz Snapdragon MSM8255 processor
Display: 3.7 inch Capacitive Multi-Touch Display with Sony Bravia engine
480×854 pixels resolution
Camera: 5 Megapixel AF Camera with LED Flash
720p HD video recording
VGA front camera
Internal Memory: 512MB RAM + 320 MB Internal memory
External Memory: up to 32GB
FM Radio with RDS
PlayNow service
Sony Ericsson Music player
TrackID music recognition
xLOUD
Wi-Fi, Bluetooth, microUSB, DLNA
A-GPS
Wi-Fi Hotspot
HDMI-out
Google Maps, Gtalk, Facebook inside Xperia, Twitter
IM, Email, Webkit browser
Battery: Li-Po 1500 mAh Battery
Talktime: Up to 7 Hours of Talk-time on 3G
Standby Time: Up to 400 hours Standby time on 3G
Weight: 126 grams

is not known at this time. It is now for pre-order at LetsBuy for the price of Rs. 17,999.