Both Lava Iris 505 and Iris 506Q come with a 5-inch display with 480x854 pixels resolution. They are powered by a 1.2GHz dual-core processor with 512MB of RAM.  The phones feature a 5 mega-pixel rear camera with LED flash and VGA front camera.

The smartphones come with a 4GB internal memory which is expandable to 32GB using micro SD. Both phones run on Android 4.2 operating system. Both the devices are dual-SIM with 3G support.