The purpose of the paper is to show that the experiment of ‘development,’ being a byproduct of modernity, is an experiment that has gone too far. Despite exposing its miseries, it sustains its popularity on its enchantment. This enchanted view is predicated upon a particular version of economic thinking that celebrates markets and continues to reproduce various visions of development, most ‘attractively’, urbanization. Given the acute failure of urbanization to develop an inclusionary society and politics in developing countries, there is an urgent need to reconfigure how the imagination of urbanization, as a poster-child of enchanted development should be recrafted. It locates blind-spots in the standard narrative of market-driven-development, and alert the policy maker regarding the continuum of a characteristic growth trajectory that developing nations are miserably (and yet wondrously) stuck in.