diff --git a/build.gradle b/build.gradle
index fd3c9b1..d80d938 100644
--- a/build.gradle
+++ b/build.gradle
@@ -27,7 +27,7 @@ buildscript {
     dependencies {
         classpath "com.diffplug.spotless:spotless-plugin-gradle:6.14.0"
         classpath "com.github.johnrengelman:shadow:8.1.1"
-        classpath "io.opentelemetry.instrumentation:gradle-plugins:2.7.0-alpha"
+        classpath "io.opentelemetry.instrumentation:gradle-plugins:${property('otel.agent.version')}-alpha"
     }
 }
 
@@ -44,8 +44,8 @@ subprojects {
 
     ext {
         versions = [
-                opentelemetry         : "1.42.1",
-                opentelemetryJavaagent: "2.8.0",
+                opentelemetry         : property('otel.sdk.version'), // property is defined in gradle.properties
+                opentelemetryJavaagent: property('otel.agent.version'),
                 bytebuddy             : "1.12.10",
                 guava                 : "30.1-jre",
                 joboe                 : "10.0.12",
diff --git a/gradle.properties b/gradle.properties
index e70e712..23c6e9d 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -17,3 +17,7 @@ systemProp.org.gradle.internal.http.connectionTimeout=120000
 systemProp.org.gradle.internal.http.socketTimeout=120000
 systemProp.org.gradle.internal.repository.max.retries=10
 systemProp.org.gradle.internal.repository.initial.backoff=500
+
+# Project properties provides a central place for shared property among subprojects
+otel.agent.version=2.8.0
+otel.sdk.version=1.42.1