The 16 GB iPhone 5 can now be preordered in India via Infibeam (and also from Saholic). The device hasn't launched in India yet after it had launched in the USA and many other countries a month ago in September, and it is speculated to launch here on the 2nd of November.
There are rumoured prices for the new apple phone and they are Rs. 45,500 for the iPhone 5 16 GB, Rs. 52,500 for the iPhone 5 32 GB, and Rs. 59,500 for the iPhone 5 64 GB model. These are not officially announced prices and might change by the time the product launches. Stocks are supposed to be in very limited quantity so if someone wants to buy an iPhone 5 officially from India, they should preorder it fast.
Both the online retailers, Saholic and Infibeam will ship the product on an estimated shipping date of first week of November.
Source