The BJP had announced names of 106 candidates in the two lists so far for the polls to the 182-member assembly.
Patel, whose future had appeared uncertain after he was dropped as a minister from the new ministry sworn in under Chief Minister Vijay Rupani last year, has been fielded from Botad. He represents Akota in the outgoing assembly.
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Faldu will contest from Jamnagar south. The party has dropped sitting MLA and former minister Vasuben Trivedi from this seat.
The BJP has also dropped minister Nanu Vanani from Katargam seat in Surat and gave ticket to Vinubhai Moradiya in his place.
Gujarat will vote on December 9 and 14. The first phase will cover 89 constituencies in 19 districts, and the second phase 93 seats in 14 districts.
Counting of votes is on December 18.