Is Shambala, a spiritual place that is more advanced in spritual and technology than anyplace on earth real?

There is a great deal of speculation about it, compounded in part by the somewhat odious assumption that this place is so high in its vibrations that it is invisible to ordinary human vision and that only spiritually advanced people can visit/see this place. Still, so much has been written about this place by so many authorities that it is difficult to dismiss the claim (about its existance) out-rightly. Most recently, James Redfield has devoted a whole book to the subject, brilliant as he is. The most recent theory doing the rounds is that this place is located at present not in the Himalayas, as previously speculated, but somewhere in the Gobi Desert. There have also been a substantial number of un-confirmed reports about people being rescued by guardian angels of Shambhala. But we will probably have to wait for some time in future when hopefully more definite evidence emerges to confirm or deny the existence of this place.

Are you talking about Shangri-La? If yes, a lot of people have tried to find it in the higher Himalayas but none have found it.

I wish and hope that there exists a place like it.

http://www.shambhala.org/about_shambhala.html <<< hope this may help