diff --git a/gradle.properties b/gradle.properties
index 335fffa..64f95ab 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -16,7 +16,7 @@ org.gradle.caching=true
 group=io.ballerina
 version=1.2.0-SNAPSHOT
 
-ballerinaLangVersion=2201.8.0-20230830-220400-8a7556d8
+ballerinaLangVersion=2201.8.0-20230908-135700-74a59dff
 ballerinaTomlParserVersion=1.2.2
 ballerinaGradlePluginVersion=2.0.1
 puppycrawlCheckstyleVersion=10.12.0
@@ -24,7 +24,7 @@ openTelemetryVersion=1.7.0
 nettyCodecVersion=4.1.96.Final
 gsonVersion=2.10.1
 
-observeVersion=1.2.0-20230906-133800-1d5124f
+observeVersion=1.2.0-20230911-133500-b3d8db3
 
 # Test Dependency Versions
 testngVersion=7.6.1