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Land subsidence has to be controlled under global climate change and sea level rising for coastal megacities. Land subsidence caused by lowering groundwater level during underground excavation has become a dominant influence factor for land subsidence during urbanization and city renewal. How to manage the land subsidence induced by foundation pit dewatering (FPD) on an urban scale was urgent. Shanghai was selected as the research background. A subsidence and drawdown double control (SDDC) partition was established. The position of three times excavation depth (3H) horizontally away from the foundation boundary in the plane was defined as the boundary between dewatering subsidence and excavation settlement. Land subsidence of 3H (LS-3H) and groundwater drawdown on 3H (GD-3H) were defined as the evaluating and controlling indicators. An FPD conceptual model was summarized by the estimating and investigating of foundation pit information and numerical simulations were performed. A total of 6540 FPD scenarios were simulated for the LS-3H and GD-3H. Multi-factor regression analysis was conducted to obtain relations between the GD-3H and the shape, area, depth, and curtain depth of foundation pit on the basis of the numerical simulations. The regression models can be used to estimate the GD-3H and compared with the threshold specified by land subsidence prevention and control (LSPC) law, which can provide a reference for similar cases. [ABSTRACT FROM AUTHOR]