For $330 for 32gb/3Gb model it seems better value than the meizu note 2. For the money the Octa-core, 2000 MHz, ARM Cortex-A53, 64-bit, 3GB ram and GR 6200 (mid range) seem very good value for money.
http://www.phonearena.com/phones/Xiaomi-Redmi-Note-3_id9803
