The body of the deceased, identified as Sarita, bore several stab wounds, they said.
As per primary investigation, Satita's neighbour Ravinder, who along with his family is on the run since the murder.
According to the police, Sarita, a mother of five children lived with her family in Kavinagar area of the district.
Ravinder along with his wife and six-year-old son lived in the same locality in a rented accommodation of one Satpal, who lived on the ground floor of the house.
A manhunt has been launched to nab Ravinder, they added.
Based on complaint filed by Sarita's husband Suraj, a case has been registered at the Kavinagar police station.