Mayabazar offers a conventional storyline that attempts to blend action and drama with emotional undertones. The screenplay is straightforward but lacks novelty, relying heavily on tried-and-tested tropes common in Malayalam cinema of that era. The pacing is uneven; the first half moves at a steady pace with adequate character establishment, while the second half tends to drag with repetitive sequences and predictable confrontations.

The film's music and songs are minimal and do not leave a lasting impact, with no notable tracks to elevate the narrative. The background score is functional but uninspired, failing to enhance the tension or emotional depth in key scenes. Cinematography by Manoj Pillai captures the locales effectively but does not bring any distinctive visual style to the film.

Overall, Mayabazar is a typical commercial entertainer that caters primarily to fans of Mammootty but does not offer much innovation or freshness in terms of storytelling or technical finesse. It serves as a decent watch for those seeking a familiar narrative but falls short of creating a memorable cinematic experience.

Mammootty: Strong and commanding presence, effectively portrays the righteous protagonist.

Sheela Kaur: Adequate performance with limited scope.

Kalabhavan Mani: Supports well with his characteristic energy.

Rajan P Dev: Delivers a convincing antagonist role.

Suraj Venjaramoodu: Provides comic relief but with limited impact.

Tisca Chopra: Brief role with minimal influence on the plot.