Based on a revisit to two villages of Haryana after a gap of 20 years (1988-89 and 2008-09), this paper provides a historical overview of the process of development and change in a micro setting. Locating the process of social and economic transformation witnessed in the two villages after the green revolution and later after the introduction of large-scale industrial projects in the area, the paper tries to explore the nature of changes taking place in the internal structure (caste and class relations) of the agrarian economy; the changing nature of relationships of villages with the neighbouring urban settlements in terms of employment and aspirations; and the emerging nature of power relations in local political institutions.