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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