Sony India is now selling the Xperia Z1 Compact for a reasonable price of INR 36,990 (£356, €433, $594). All four colours (black, lime, pink and white) are listed on the official Sony India site.
The handset is in stock in all colours through online retailer Infibeam, where it is offering a free case worth INR 1,990 and Xperia Accidental Damage Cover. Snapdeal is also offering the handset, although it is yet to appear at Flipkart.
Thanks Arpin and Thiru!