This article highlights the changes that have taken place in the political economy of Ranikhera village between 1953 and 2008. Urbanisation is the key factor in transforming the village life. Agriculture has lost its traditional importance as a major source of livelihood. The social relations of production between the landowning Jajmans and landless servicing castes have been affected by opening up of new employment opportunities in the metropolitan city of Delhi. Many Dalits have ‘emancipated’ themselves from their earlier dependence on their Jajmans. The growth of unauthorised colonies adjacent to the village has led to the emergence of new economic and political relations between the migrant population and the villagers. Recent acquisition of agriculture land by the Delhi government has further affected the village life.