Paul Parmar’s Colts Neck, NJ mega mansion has gone into foreclosure. The estate, which is located at 19 Colts Gait Lane, was built by Polo Master Builders. Parmar is the founder of Pegasus Blue Star Fund and also a film producer. The lavish estate boasts a main house and an entertainment annex attached to the main house by an underground tunnel. Amenities include an indoor swimming pool, 2-lane bowling alley, wine cellar, gym, home theater, tennis court and 2 outdoor swimming pools (one of them being saltwater and surrounded by imported sand). According to PropertyShark.com, Paul owes $26.3 million on the property. The foreclosure case was brought by Deutsche Bank, which held a $23 million mortgage on the compound.

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