Please download the latest versions from Here.
Sarovar.org team have decided to pull the plug on the server and stop all services from Jan 01 2014. Here are the package files (well, latest versions) that were available from the Malayalam-TeX project page at Sarovar.org.
LaTeX for Malayalam
Omega for Malayalam
Fonts from ILDC CD-ROM
I will be adding detailed description and updated documentation in the coming weeks.