Maya Bazaar is in a village called Mayannoor where people buy salvaged cars for their parts. Rameshan is a leading man of the bazaar. With the money he earns, he feeds patients at the local hospital. A young woman who lives in Maya Bazaar called Maya loves Rameshan, but Rameshan does not have any feelings for her. Rameshan has a rival gang led by Bhadran and Bhadran wants to marry Maya. One day Rameshan happens to see the body of a person killed in a road accident. The person looks exactly like him. The rest of the movie is about the mystery associated with the dead man.
"Mayabazar" was dubbed in to Telugu language as "Nenunnanu".
Shankar-Ehsaan-Loy were initially named as the music directors but was later replaced by Rahul Raj, whose folkish score from "Annan Thambi" impressed the director.
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