Ranajayapura is a concept made reality under the Mahinda Chinthana program, the President's vision for the country's future. The housing scheme at Ipalogama marks the completion of the first phase of total project aimed at building 50,000 houses for the war heroes. Ranajayapura is the largest ever housing project built for the war heroes consisting 1509 completed houses with all modern amenities.

The project was planned and implemented by the Ministry of Defence under the leadership of Defence Secretary Gotabaya Rajapaksa. With his great interest in ' looking after the men behind the weapon" , the Defence Secretary gave the top priority to housing project over many other Ranaviru welfare projects carried out under his guidance.

Additional Secretary of Defence, and the project coordinator Mr. Willy Gmamage speaking to defence.lk said that the cost of each three roomed house with bathroom, pantry and a ten perch land was Rs. 1.4 million. The government has borne Rs. 600,000 of the total cost and the remaining Rs. 800,000 was given as interest free loans to the recipients which are expected to be recovered within ten to fifteen years.

Also, the housing scheme is provided with a Super Market, a Bank of Ceylon branch, a primary school a daycare unit and a well equipped hospital

The Foundation stone was laid for the project on the 14th December 2006. The construction was initially undertaken by NACL but later taken over by the Sri Lanka Navy engineers. With an untiring effort and commitment, navy engineers accomplished the task of completing 1509 houses within 15 months.

Former Commander of the Navy Admiral Wasantha Karannagoda made tremendous efforts even during the humanitarian operations to accelerate the project. After him, Vice Admiral Thisara Samarasinghe, Commander of the Navy taken over the uphill task and accomplished it. The following graph shows the speedy progress of the project after taken over by the Navy.