Since i saw a leak by izap in the general forum, i found out that my root file for the GT-I9070 should work for this device as well. Also, keeping in mind the nature of new xda users, i create this thread.!
It is a hassle free process. No kernel changing required. It doesn't increase the binary counter.
How to : 1. Download the zip and place it in the root of your sd card. PS : SD Card is a must. 2. Reboot to the stock recovery. 3. Select install update from external storage. 4. Select the root.zip file. 5. Viola