In most cases, no. The town is often a combination of various elements from the author's creativity and imagination. It might draw some general characteristics from real towns, but it's not an exact replica of any one in particular.
I'm not certain as the name is quite ambiguous. It could be significant to the people directly involved in the story, whether it's about a small - town community trying to preserve their heritage or something else.
The real story of Lazy Town involves its creator, Magnús Scheving. He had a vision of creating a show that promoted healthy living for kids. The show was set in a colorful town where the main character, Sportacus, encouraged the lazy residents to be more active. It combined catchy music, fun characters, and positive messages about exercise and eating well.
A shanty town real story often involves the struggles of the poor. People living in shanty towns usually face housing problems. Their homes are often made of cheap and flimsy materials. There is a lack of basic facilities like clean water and proper sewage systems. These areas are usually overcrowded as well.
I'm not sure specifically which 'town real story' you are referring to. It could be about the history of a particular town, like its founding, the people who first settled there, and how it has developed over time.