The body of Rajani Ramkumar Verma was found yesterday at Nandivali between Kalyan and Dombivili, police said today.
Her identity was established based on the ID card found near the body, they said.
The victim had left her house around 7 AM on Thursday to attend her coaching class. However, when she did not return home till late night, her worried parents launched a search and finally registered a missing person's complaint with the local police.
The motive behind the killing was still not known, though the police suspect that the act might have been committed by a jilted lover.
Police have ruled out the possibility of rape.