Guys.. there are lot of development going on for Our Xolo Q700/Q700i. That's Why I made this thread to collect every development for this device in a single thread.
Easy Guide to Root your phone:
1. Download and Install Framaroot App from here
2. Select SuperSU from dropdown menu and choose boromir exploit
3. you will get Root Successfull message. Done reboot your phone
4. your phone is rooted now.
Installing Custom Recovery :
1. Download and install mobile uncle tools from Playstore or
2. Copy Recovery.img to root of your sdcard
3. open mobileuncle tools and select recovery update
4. select your recovery.img and select yes to flash recovery
NOTE :: if you see too many recovery images after choosing recovery update.
then disconnect from wifi or mobile data then try