No dude. Canvas HD runs on a processor called MediaTek MT6589 and this processor doesn't have proper source codes to build a Android KitKat for this phone. There are hundreds of phones running this same processor and as of today, none of those hundreds have got KitKat. There are only a few people who have managed to get the complete source codes from Mediatek and OEMs. But they are still fixing lots of bugs. It will definitely take many more months before a flawless version can be built by these people. As far as Micromax is concerned, I don't think they are capable of making such huge breakthroughs. Therefore they would wait till some foreign player makes a flawless build and then copy the same to their own models. There are some rumours floating around saying Micromax will release Kitkat in May 2014, but we will definitely get it much earlier from the unofficial developer community. Keep checking the forums.
Thanks buddy
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