Lax-pseudo limits, bilimits, or weak-2-limits- choose your terminologoy- don't use non-invertible $2$-cells in their definitions or universal properties. (If you ask for genuine lax or oplax limits, instead of pseudo, then this is different). Hence, you can keep only your invertible $2$-cells, and compute the limits of the associated (2,1)-category (if you have a strict $2$-category, this is just a category enriched in groupoids). In particular, the (2,1)-category will be a an $(\infty,1)$-category in the sense of Lurie. Homotopy limits will BE bilimits in this case.
To go from (2,1)-category as a bicategory to an $\left(\infty,1\right)$-category, first strictify it to a $2$-category- the result is a categeory enriched in groupoids. Apply the nerve functor $N$ Hom-wise to obtain a simplicial category. Now take the homotopy coherent nerve.
If you're given an $\left(\infty,1\right)$-category X, presented as a simplicial set, which is known to be equivalent to a (2,1)-category, you can extract this (2,1)-category explicitly as follows:
Use the left-adjoint to the homotopy-coherent nerve to produce a simplicial category $\mathfrak{C}\left(X\right)$. The hom-simplicial sets will be equivalent to nerves of groupoids. There is a model category struture on the category of groupoids, given by Sharon Hollander, and a pair of adjoint functors
$$\pi_{oid}:sSet \to Gpd$$ $$N:Gpd \to sSet$$ which become a Quillen equivalence between the model-category of groupoids and the left-Bousfield localization of simplicial sets with respect to the map $\partial\Delta^3 \to \Delta^3$ (the so-called $S^2$-nullification). This means that you can simply apply the functor $\pi_{oid}$ Hom-wise to $\mathfrak{C}\left(X\right)$ to obtain a category enriched in groupoids, which is equivalent to the $\left(\infty,1\right)$-category $X$, since $X$ is secretly a (2,1)-category.
This provides the machinery necessary to interpret Lurie's results in terms of actual $2$-categories.