BJP also added that it would follow the successful plans that were applied in the Maharashtra and Haryana assembly elections 2014 and decided against naming a candidate for the chief minister's post.
Delhi has been under the President's rule after Kejriwal stepped down.
"The party is ready to fight in the elections. We will give Delhi a good government and good governance. Earlier, we had said that we are ready for elections and when the Lieutenant Governor calls us, we will give our answer to whether or not we want to form the government. Now we have given our answer - we will fight in the elections," BJP Delhi president Satish Upadhyay said on Monday.
"The BJP believes in a collective leadership and that is how we fought the elections in Haryana and Maharashtra and with the example of those two states, we will fight the elections here and after winning, whoever the collective leadership decides will lead the state," he added.
Upadhyay expressed faith that the voters will vote for a responsible government.
"The double talk by which other parties have betrayed Delhi means that the city needs a responsible government for which the BJP is absolutely ready. We will fight the elections and will win fabulously," he said.
"There are many issues that we will focus on, including those of water, electricity, unauthorised colonies, zero tolerance to corruption, health, unemployment and the safety of women," he added.
Upadhyay also attacked the Aam Aadmi Party (AAP)-led government, which was in power for 49 days before the then-Chief Minister Arvind Kejriwal had resigned.
Earlier in the day, Lieutenant Governor (LG) Najeeb Jung had sent a status report to the Ministry of Home Affairs over government formation in the capital after his consultations on Monday with leaders of the BJP, Congress and the AAP at Raj Niwas to explore the possibility of government formation in Delhi. The LG met all the three party leaders separately.
In the meeting, all the parties expressed their inability to form the government in Delhi.
Delhi has been under the President's rule after Kejriwal stepped down after 49 days in power.