Varsha, a singer and columnist, who was in her mid 50s, had attempted suicide earlier on at least two occasions, they said.
She was rushed to a nearby hospital where she was declared dead, they said.
The body would be taken to J J Hospital for post mortem, the sources said.
Varsha had worked as a playback singer in some Hindi and Marathi movies and appeared in concerts with her mother. She also used to write columns for web portals and magazines.
Varsha, who was married to a sports writer, was a divorcee.
