The film was remade in Telugu as Gudi Gantalu (1964), in Hindi as Aadmi (1968) and in Malayalam as Oru Raagam Pala Thaalam.

Thyagarajan "Thyagu" is a lonely rich bachelor, subjected to a deep-seated trauma from having witnessed the death of a childhood playmate, caused by his possessiveness.

Meena has a sister, Pushpalatha, who falls in love with the villain Aatkondan Pillai's son who demands a large amount in dowry.

All these pent up emotions of love, friendship, loyalty, jealousy and physical debilitation boils over at one point and things take a turn for the worse for all three.

Thyagu plans that the appropriate location for revenge is the Death rock known for its enchanting scenery and dangerous cliffs, where once his father attempted suicide.

Thyagu leads Sekhar to the cliff and reveals his anger and frustration about their perceived relationship, questioning the sincerity of his friend and his lover.

In the background, the song "Ponnai Virumbum Boomiyile" (meaning: In a world of wealth lovers, the dear one who loved me) is being played, a happy Thyagu and Meena waves us a farewell, the movie ends.

[7] Writing for The New Indian Express, Sujatha Narayan noted that the song "Nallai Allai" from Kaatru Veliyidai (2017) was similar to "Ponnai Virumbum" from this film "in its mood, with the man reminiscing how his love for a woman of such character has changed him for the better.

[9] The Indian Express wrote, "Aalayamani is an engrossing film, which though sometimes exceeds the bounds of possibility assures a fair return for cinegoers' fare.

[12] Aalayamani was remade in Telugu as Gudi Gantalu (1964), in Hindi as Aadmi (1968),[13] and in Malayalam as Oru Raagam Pala Thaalam (1979).