Although Nalanda is one of the places distinguished as having been blessed by the presence of the Buddha, it later became particularly renowned as the site of the great monastic university of the same name , which was to become the crown jewel of the development of Buddhism in India. The name may derive from one of Shakyamuni's former births , when hewas a king whose capital was here.Nalanda wasone of his epithets meaning"insatiable in giving."
more info
c&p