diff --git a/gradle.properties b/gradle.properties
index a4ff65ee..9098ae0f 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,10 +1,9 @@
 org.gradle.caching=true
 group=io.ballerina
-version=0.11.1-SNAPSHOT
+version=0.12.0-SNAPSHOT
 org.gradle.jvmargs=-Xmx4096M
 
-#dependency
-ballerinaLangVersion=2201.11.0-20241117-133400-a3054b77
+ballerinaLangVersion=2201.11.0-20241121-075100-c4c87cbc
 checkstylePluginVersion=10.12.1
 shadowJarPluginVersion=8.1.1
 downloadPluginVersion=5.4.0
@@ -21,38 +20,38 @@ picocliVersion=4.7.4
 
 # Standard Library Dependencies
 # Level 01
-stdlibIoVersion=1.6.2-20241112-233100-995cf5f
-stdlibTimeVersion=2.6.0-20241113-073800-201b904
-stdlibUrlVersion=2.4.1-20241113-073900-335ff51
+stdlibIoVersion=1.7.0-20241121-173300-0fbd5d4
+stdlibTimeVersion=2.6.0-20241122-120400-97742a7
+stdlibUrlVersion=2.5.0-20241122-120400-67af694
 
 # Level 02
-stdlibConstraintVersion=1.6.0-20241113-090900-d276ad5
-stdlibCryptoVersion=2.7.3-20241113-081400-d015a39
-stdlibLogVersion=2.10.1-20241113-120000-4577868
-stdlibOsVersion=1.8.1-20241113-122000-cca973b
-stdlibTaskVersion=2.5.1-20241113-123500-f905281
+stdlibConstraintVersion=1.6.0-20241122-133100-98689e2
+stdlibCryptoVersion=2.8.0-20241122-130800-24f1267
+stdlibLogVersion=2.11.0-20241122-150100-2e1a3ca
+stdlibOsVersion=1.9.0-20241122-071800-1fae486
+stdlibTaskVersion=2.6.0-20241122-124800-cb84357
 
 # Level 03
-stdlibCacheVersion=3.8.1-20241113-125700-b75a1bf
-stdlibFileVersion=1.10.1-20241113-151700-e1a2e38
-stdlibMimeVersion=2.10.2-20241113-154200-d953747
-stdlibUuidVersion=1.8.1-20241113-154400-443c67b
+stdlibCacheVersion=3.9.0-20241122-182900-c956a97
+stdlibFileVersion=1.11.0-20241122-180900-dff344c
+stdlibMimeVersion=2.11.0-20241125-094600-bbddf94
+stdlibUuidVersion=1.9.0-20241125-110300-5eb185d
 
 # Level 04
-stdlibDataJsonDataVersion=0.3.0-20241114-143900-285d739
-stdlibAuthVersion=2.12.1-20241113-162300-ded40eb
-stdlibJwtVersion=2.13.1-20241113-162400-b59ccfa
-stdlibOAuth2Version=2.12.1-20241113-162400-4c6ddfe
+stdlibAuthVersion=2.13.0-20241125-094500-d380c71
+stdlibDataJsonDataVersion=1.0.0-20241125-114000-0c2f457
+stdlibJwtVersion=2.14.0-20241125-085500-10a9526
+stdlibOAuth2Version=2.13.0-20241126-071700-7eb9e0b
 
 # Level 05
-stdlibHttpVersion=2.13.0-20241114-182900-7e9f66a
+stdlibHttpVersion=2.13.0-20241126-181000-6585cc5
 
 # Level 06
-stdlibWebsocketVersion=2.13.0-20241116-202000-ddd958d
+stdlibWebsocketVersion=2.13.0-20241127-103500-476d1aa
 
 # Level 07
-stdlibGraphqlVersion=1.15.0-20241117-164000-4d95b39
+stdlibGraphqlVersion=1.15.0-20241127-145000-9be4f77
 
 # Ballerinax Observer
-observeVersion=1.4.0-20241113-092000-b83ae74
-observeInternalVersion=1.3.1-20241113-101700-265054d
+observeVersion=1.4.0-20241122-184200-c596093
+observeInternalVersion=1.4.0-20241122-185200-9e5b1bb
diff --git a/gradle/wrapper/gradle-wrapper.properties b/gradle/wrapper/gradle-wrapper.properties
index 9f4197d5..e2847c82 100644
--- a/gradle/wrapper/gradle-wrapper.properties
+++ b/gradle/wrapper/gradle-wrapper.properties
@@ -1,6 +1,6 @@
 distributionBase=GRADLE_USER_HOME
 distributionPath=wrapper/dists
-distributionUrl=https\://services.gradle.org/distributions/gradle-8.2.1-bin.zip
+distributionUrl=https\://services.gradle.org/distributions/gradle-8.11.1-bin.zip
 networkTimeout=10000
 validateDistributionUrl=true
 zipStoreBase=GRADLE_USER_HOME