diff --git a/gradle.properties b/gradle.properties
index ec4d20ea21..afb43a7228 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,4 +1,4 @@
-version=29.48.0
+version=29.48.1
 group=com.linkedin.pegasus
 org.gradle.configureondemand=true
 org.gradle.parallel=true