Mountain Excavation and Land Creation Projects (MELCPs) have emerged as a critical strategy for expanding urban development space in mountainous regions facing land scarcity. Dynamic monitoring and risk management of these projects are essential for promoting sustainable urban development. This study develops an integrated monitoring framework for MELCPs by combining ascending and descending Sentinel-1 SAR data, Sentinel-2 optical imagery, SRTM digital elevation models (DEM), and field survey data. The framework incorporates multi-temporal change detection, random forest classification, and time-series InSAR analysis to systematically capture the spatiotemporal evolution and subsidence mechanisms associated with MELCPs. Key findings include: (1) The use of dual-orbit SAR data significantly improves the detection accuracy of excavation areas, achieving an overall accuracy of 87.1% (Kappa = 0.85) and effectively overcoming observation limitations imposed by complex terrain. (2) By optimizing the combination of spectral, texture, topographic, and polarimetric features using a random forest algorithm, the classification accuracy of MELCPs is enhanced to 91.2% (Kappa = 0.889). This enables precise annual identification of MELCP progression from 2017 to 2022, revealing a three-stage evolution pattern: concentrated expansion, peak activity, and restricted slowdown. Specifically, the reclaimed area increased from 2.66 km(2) (pre-2018) to a peak of 12.61 km(2) in 2021, accounting for 34.56% of the total area of the study region, before decreasing to 2.69 km(2) in 2022. (3) InSAR monitoring from 2017 to 2023 indicates that areas with only filling experience minor shallow subsidence (<50 mm), whereas subsequent building loads and underground engineering activities lead to continuous deep soil consolidation, with maximum cumulative subsidence reaching 333.8 mm. This study demonstrates that subsidence in MELCPs follows distinct spatiotemporal patterns and is predictable, offering important theoretical insights and practical tools for engineering safety management and territorial spatial optimization in mountainous cities.