At the end of two rounds, Neha is three-under 141.
Neha, who won the first leg of this season in Ahmedabad, but has not tasted victory since, is two shots clear of the consistent Gaurika Bishnoi (69) at the Prestige Golfshire.
On a day when there were numerous under-par scores, Vani Kapoor recovered lost ground with a two-under 70 that hauled her up from T-11th to Tied-5th at 147. Also moving up significantly was Amandeep Drall (71) who is Tied-7th, up from overnight 14th at 149.
Vani shared the fifth place with amateur Pranavi Urs (73). Amandeep Drall was Tied-7th with Siddhi Kapoor (74) and Mehar Atwal (76) dropped to ninth at 150.
More From This Section
Neha, starting the day in Tied-third, had a dream run on Thursday, as she cruised through the front nine in two-under with birdies on fourth and sixth holes.
On the back nine she was on a roll with four birdies in a row from 10th to 13th at which point she was six-under. Four straight pars brought her to the 18th at six-under, but she dropped her only bogey of the day at the closing hole for 67.
Gaurika is having a great season, as she leads the Hero Order of Merit - too, and has won once, finished second three times and twice she was third. She has never been outside Top-10 in eight starts.
Ridhima had three birdies on front nine and two bogeys on the back stretch, while Vani had three birdies, one on front nine and two on back nine, and just one bogey on par-4 eighth. The final round will see Neha go out in the final threesome with Gaurika and Ridhima, while Pranavi, Vani and Gursimar will play in the second to last group.