Yesterday Nokia teased an event for today, that went down in New Delhi and marked the unveiling of a new Asha handset. This model stands out from the series, through some features that bring it close to smartphone territory. This is still a budget friendly handset, one intended for emerging markets.

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The Asha 501 is part of a new line of products, that will use the technology from Smarterphone, a company bought by Nokia last year. Through the model pictured here, Nokia will launch a new type of UI, that is split into two areas: one being an icon list of menu items and the other a Favourites/Quick Access section called Fastlane. This one includes features you use most ofen, favourite contacts, social networks and frequently used applications.

Nokia Asha 501 will come in both a dual and single SIM version and it will lack 3G connectivity. Its specs include a 3 inch LCD touchscreen with a resolution of 240 x 320 pixels, a 3.2 megapixel camera at the back (without flash), a 1200 mAh battery, WiFi and Bluetooth. There’s also FM radio on board and the device measures 12.1 mm in thickness and weighs 98 grams. The product is expected to cost $99, if you find it tempting.