Yes considering Redmi 4 Nokia 3 prices will surely drop in few months!!
Microsoft Lumia 550 windows phone launched at the same price more than 9K but Price dropped to Rs.6999 when I bought after few months.In the same way huge possibility of Price cut when it doesn't sell as expected it's just wait & watch before Prices fall as Redmi 4 more or less same specs sells only at Rs.6999.