'Oru Malayalam Colour Padam' tells a tale of a guy who decided to turn a gentleman overnight!

A haunted mansion amidst Kingini Nagar Housing Colony is converted into a police station. Ghosts in the mansion get provoked by the intrusion of the police. To overcome the horrible night duties, cops take the help of Babu, an outlaw yet sincere guy. Will Babu and his gang be able to solve the mystery behind the haunted mansion?

The story of "Pallikkoodam" travels through the realities and imagination of a 12 year old boy named Althaf , hailing from a lower middle class family.