"We are ready for fresh election for the legislative assembly. I think election should be held at the earliest. I am confident that people of Delhi will give us a clear majority when polls are held," he told PTI in an interview.
BJP recorded a landslide victory in Lok Sabha election in the city emerging victorious in all seven seats with huge margins ranging from over one lakh to 2.6 lakh votes.
BJP's vote share in Lok Sabha polls in the city had also jumped to 46.1 per cent from 33.07 per cent in the assembly polls. Vardhan himself won from prestigious Chandni Chowk Parliamentary seat by a margin of over 1.35 lakh votes.
Favouring early assembly election, Vardhan said polls will have to be held within next eight months as President's Rule cannot continue beyond one year.
Central rule was imposed in Delhi on February 17 and the Legislative Assembly was kept in suspended animation after AAP government had resigned.
A number of party's Delhi leaders indicated that the Narendra Modi-led government may opt for early assembly election in Delhi.
Any decision on dissolving the assembly will have to be taken by Union Cabinet.
Vardhan said his earlier stand of not forming the government due to lack of majority has not changed. "We will not try to form government through unfair means. Our earlier stand on not forming the government has not changed. We do not have the numbers and will not resort to any manipulation," he said.
BJP, along with its ally Akali Dal's one seat, had support of 32 MLAs in the 70-member House. However, BJP's strength will come down to 28 as three sitting MLAs, Vardhan, Pervesh Verma and Ramesh Bidhuri have been elected as MPs.
AAP won 28 seats followed by Congress with eight. JD-U had won one seat while one seat had gone to an Independent. Vardhan's remarks case as AAP MLAs mooted a proposal for the party to once again form the government in Delhi, with outside support.
At a meeting of its top leaders, including Arvind Kejriwal, some AAP legislators, who claimed to be around 20 in number, are said to have conveyed to the leadership that the party should make a fresh attempt at forming the government.
Sources said party MLA Rajesh Garg mooted the idea while describing Kejriwal's decision to resign in February after 49 days in power as one of the major reasons behind AAP's poor showing in the city in Lok Sabha polls.