diff --git a/VERSION b/VERSION
index 336c367..0c64b5c 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.1.0-dev
+1.2.0-dev
diff --git a/sdcore-helm-charts/Chart.yaml b/sdcore-helm-charts/Chart.yaml
index 40e30ff..94982fc 100644
--- a/sdcore-helm-charts/Chart.yaml
+++ b/sdcore-helm-charts/Chart.yaml
@@ -8,7 +8,7 @@
 description: SD-Core control plane services
 icon: https://guide.opencord.org/logos/cord.svg
 type: application
-version: 0.10.21
+version: 0.11.0
 home: https://opennetworking.org/sd-core/
 maintainers:
   - name: SD-Core Support
@@ -16,17 +16,17 @@
 
 dependencies:
   - name: omec-control-plane
-    version: 0.10.13
+    version: 0.11.0
     repository: https://charts.aetherproject.org
     condition: omec-control-plane.enable4G
 
   - name: omec-sub-provision
-    version: 0.4.5
+    version: 0.5.0
     repository: https://charts.aetherproject.org
     condition: omec-sub-provision.enable
 
   - name: 5g-control-plane
-    version: 0.6.20
+    version: 0.7.0
     repository: https://charts.aetherproject.org
     condition: 5g-control-plane.enable5G
 
@@ -37,6 +37,6 @@
     condition: omec-user-plane.enable
 
   - name: 5g-ran-sim
-    version: 0.4.15
+    version: 0.5.0
     repository: https://charts.aetherproject.org
     condition: 5g-ran-sim.enable