Jolshiri Abashon, a sister concern of Army Housing Scheme (AHS) was incorporated on April 11, 2011 as a company limited by guarantee under The Companies Act 1994. The primary goal of Jolshiri Abashon is to create plot for accommodation after purchasing from different sources and allot those to serving and retired military officers on a self-financed basis. Jolshiri Abashon intends to execute the project by developing around 2136 acres of land at Rupgonj Upazilla, Narayanganj. The project will be implemented in ten years in three different time phases. The estimated project cost is $2 billion. The project is being primarily funded by the money collected from the military officers. Limited sales and investment on residential and commercial plots are also providing significant funds. Major General ​ A K M Rezaul Mazid, BSP, ndc, afwc, psc is the Chairman of the Board of Directors of Jolshiri Abashon. The project has been operating under strong supervision and effective control of Managing Director Brigadier General Syed Obaidullah Hel Shafi, afwc, psc. The registered office of the Jolshiri Abashon is situated at Zia colony, Dhaka Cantonment, Dhaka- 1016.

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