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The restoration and upgrading of deteriorated urban property by middle-class or affluent people, often resulting in displacement of lower-income people.
(Sociology) Brit a process by which middle-class people take up residence in a traditionally working-class area of a city, changing the character of the area
gen•tri•fi•ca•tion(ˌdʒɛn trə fɪˈkeɪ ʃən)
the upgrading of run-down urban neighborhoods by affluent people who buy and renovate the properties, thereby displacing the resident poor.